LF Economics skewers APRA in Senate

Friday, 2 March 2018

Watch Wayne Byers squirm as Lee Rhiannon quotes Lyndsay David and Phil Soos’ great work on mortgage fraud:

Not only is Mr Byers squirming, he is misleading the Senate. We know of multiple cases of illegal predatory lending that we know that APRA knows about. They can’t be disclosed because the banks gagged victims with cash.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.