How can this end well?
Just like the USA meltdown for sure.
To say that here we have recourse loans which makes it all safe is a fallacy.
You cant get blood out of a stone or a bankrupt.
Banks would have to seize the property sell it for whatever and write off the shortfall.
History doesn't repeat itself except in the financial arena
Repeat after repeat and greed trumps sense every time
News: BOQ ANALYSIS-Rush of Australian securitised home loans tempts yield-starved Japanese, page-2
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Last
$6.94 |
Change
0.050(0.73%) |
Mkt cap ! $4.266B | |||
| Open | High | Low | Value | Volume |
| $6.89 | $6.96 | $6.88 | $14.42M | 2.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6155 | $6.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.94 | 34098 | 5 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| BOQ (ASX) Chart |
