BOQ 0.73% $6.94 bank of queensland limited.

How can this end well? Just like the USA meltdown for sure. To...

  1. 2,267 Posts.
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    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
 
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