Australian government sneaks through APRA ‘bail-in’ law; 14/2

http://cecaust.com.au/main.asp?sub=bail-in&id=bail-in2017.html
http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22legislation%2Fbillhome%2Fr5989%22

I read the article about "The Coming Australian Housing Crisis: a couple of updates" written by steemit user nolnocluap
https://steemit.com/property/@nolnocluap/the-coming-australian-housing-crisis-a-couple-of-updates

I wanted to do a bit of digging myself and actually found myself a little scare about a bill passed through to allow bail-in laws. Essentially it is a process created by the banking industry to allow them to take money away from unsuspecting "mum and dad" investors (the Average joe) and retirees to bail out the banks debt so that they do not go into liquidation.

It is a sure sign that something is fishy about how they decided to move the bill through the senate so quickly and sneakily... it is also confirmation to Hive account@nolnocluap and what he has been talking about for some time now. Property prices in the major cities are overextended and with that the potential of large amounts of borrowed money.

adding to his observations
https://www.yourmortgage.com.au/mortgage-news/33-of-mortgage-applicants-are-denied-under-new-rules/246070/
https://www.businessinsider.com.au/australian-bank-lending-standards-mortgage-fraud-2018-2