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Vic I don't mind the idea of the industry moving to a more trail orientated model but it's the lenders themselves who decreased trail more than upfronts a couple of years ago and it was your mob who first brought in 0 trail in the first year together with Upfront clawbacks out to 2 years and to...

Which industry bodies apra, aust bankers assoc? They all have vested interests as does aussie John granted, although the later did bring the biggest shakeup to the mortgage market ever and that was the point of the exercise was it not, to find competition solutions?

I agree with that idea / sentiment bene313 but the profit and market share stats don't lie. Majors are dominating and gouging IMO. I am not advocating a return to loose no doc style lending but it's too tight at the moment.

Apra saying there is enough competition in the mortgage market and any more could be dangerous. Does anyone else think swannie and his mates are all hat and no cattle with their banking reform proposals? It's like they are striving to make the banks more dominant while jaw boning the public into...