NAB sacks 20 bankers because of dodgy documentation

Kangabanga · 17th Nov, 2017

PandS said: ↑

but as long as the properties keep rising this won't be a problem because people can flipped to a higher buyer until someone refuses to pay a higher price.

all these problems only surface when the tides turn
like Warren Buffett said "you only find out who is swimming naked when the tide goes out." and High tide lifts all boats even the one that can barely stay afloat and rusty bottum

I am pretty sure Australia like any other highly leverage world, when the tides turn there will be some ugly stories coming out

Banks know the tides start to turn and they doing early spring cleaning and hopefully be in better position to deal with it when the tides actually turns, you don't want all this **** to hit you all at once
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Worms are starting to coming out of the woodwork now.

Peter_Tersteeg · 17th Nov, 2017

I think the headline got it backwards. It should probably read, "All bankers audited. As many as 20 found to not have submitted dodgy documentation".

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NAB sacks 20 bankers because of dodgy documentation

Kangabanga Well-Known Member

Peter_Tersteeg Mortgage Broker Business Member

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NAB sacks 20 bankers because of dodgy documentation

Kangabanga Well-Known Member

Peter_Tersteeg Mortgage Broker Business Member

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