I love how the bank lending money to someone and that person then being unable to pay it back is all the banks fault.
When did personal financial responsibility get passed on to a third party?
People running unsustainable businesses is not the banks fault. Borrowing money one can’t afford to repay is not the banks fault. How much pressure do you think some customers have put their lenders under?
Funny thing is everyone whinges when the banks makes credit difficult to source.
Worked as a tax accountant and the amount of clients wanting one set of books for the ATO and another for the bank was huge. Not many small business owners are honest when it comes to paying tax. But all want it to be easy to borrow for a car, a house, an investment property, new equipment etc etc.
It’s not always “big business” that is at fault.