CV and mad panic behaviour

[LP]

Andrews will happily shut everything down, cripple businesses and livelihoods and then put his hand out to Scomo for $$$$.

 
Don't worry about the government, worry about the banks who are are taking the piss out of the situation.

All the goodwill surrounding those "postponed" loan repayments is gone, SMEs thought is was a pause and payments could resume with interest after six months. But the banks read that as a pause followed with an immediate balance due, at the end of six months you have to pay all that was due over the hiatus not just resume monthly payments in arrears. It also seems they keep charging you interest over the next six months.

Just for clarity, you can pause repayments for six months, but on the 1st day of the seventh month they want six months worth of repayments!

It's a worthless offer to most small and medium business, they aren't making any money now, and they won't be flushed with cash in six months!

Scomo has screwed the pooch, he's crapped out a Werribee Mullet and sold it to us as a bunt cake, what a ...................!

His balance sheet is heading south faster than sea warming, and I was just warming to his efforts when it turns out they are nothing more than deception! A turd wrapped in gold leaf!

I've been in contact with some SMEs companies today that intend pulling the pin for good next week, not just a temporary closure, they are going to default on loans, salaries, super, the whole freaking lot because of the brutality from the banking sector!