Jimmy_041 wrote:He cant stop the RBA putting rates up but he can legislate to stop the banks doing it.
Not sure how he'd do it, but he can do it
In reality he can't, unless he's willing to pay the gap between the 3% he promises at the rate your bank is charging. Say your bank is set at 4.25% then he's funding the gap between 3% and 4.25% with....guess what....your money.
It's a moot point, anyway. There's basically no chance they win a seat let alone run the place. It's like me saying what I'd do to Jennifer Hawkins if I got to spend a night with her. No point. Not happening.