Connect with us

General

Verging on Ponzi: how the banks are rorting the RBA’s big bail-out fund

Published

on

@matdflo on Unsplash

The Big Four banks are profiteering from the Reserve Bank’s bail-out fund by betting on their own bonds. Michael West investigates a very quiet scandal that is the Committed Liquidity Facility.

The Reserve Bank set up a “bail-out fund” for the banks during the Global…



Click here to view the original article.

Continue Reading
Advertisement
Advertisement

Trending