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I am sure it won't be long before the banks realise that they can use the sub-prime as an excuse for increased rates and more profits...:eek: Peter Costello has warned them though but I don't know how much power he has to stop the banks from profiteering at our expense.... Cheers

I guess that was to be expected, and there could be more to come. I also wonder how many Aust. financial institutions are involved. I am supecting that there must a few out there other than RAMS but they are just keeping a low profile. Cheers

Ractus Today economies are run differently than 20 years ago and interest rates of 18% are IMO a thing of the past.

Alex, I think it was the fed lending rate to the banks, the rates themselves didn't fall. Cheers

Depending on inflation figures, probably early next year around March. I am suspecting that the US will most likely drop their I. rates due to the affects of the sub-prime and that the UK, EU, and AUS will follow. Cheers