Fasco-housing complex guts ASIC HEM push

Yesteray Generalissimo ScoMo ordered more mortgages, at the AFR:

Scott Morrison says Australia’s banks must not shy away from lending after the Hayne commission as he pushes back against what he calls an “instinctiveness” in society towards responsible lending standards that are too onerous.

Speaking to the Australian American Association in New York, the Prime Minister said that while it was important to implement the findings of the royal commission, as well as other reforms such as the Banking Executive Accountability Regime, “we need our banks to keep lending”.

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