Not requiring Australian banks to be especially prudential in their lending practises was very generous of you, Malcom Turnbull!

So, when the financial crunch occurs next year, do we bail out the banks for neligence in pumping Australian land prices speculatively moonward to $10 trillion for super-profits’ sake, i.e. to $375,000 per head of population, which is arguably the highest per capita land price rate in the world? Surely, they shouldn’t be rewarded for these misdeeds?

So, why shouldn’t the federal government purchase sufficient of their shares at then deflated prices to give all Australians a direct ownership interest in our banks – not just shareholders?

Rather that bailing banks out, it’s clearly a better proposition to bail out those mortgagors entrapped in deals in which they’re then repaying much more than their property is now worth?

But if we were simply to bail out mortgagors, all other people suffer in comparison. So, how about the government have Treasury deliver a universal income? In these circumstances, it’s not inflationary. A universal income would not only be fair to all, but it would give people the wherewithal to continue their repayments and spending, thereby also supporting commercial business.

[We should’ve learnt a lesson from the COVID period, that providing money to businesses that didn’t need it–nor return it–amounted to an expensive governmental rort.]

Government? Treasury? Trust you see the common sense?