Originally Posted by
Cyclical
I don't know, Rawz, it's getting harder for all lenders/forms of credit. Sure, might be easier to get a loan from HMY vs a bank for your car/boat, but remains to be seen if that turns out to be a boon for HMY. I reckon all lenders will feel the pain, but the damage may not be so great for HMY...only time will tell aye.
What may well turn things around of course is if the review for the CCCFA loosens things up again, but even then, would it be too little too late as the economy has taken a turn, and interest rates aren't about to come back down anytime soon by the looks. I wonder if the government is quietly weeing their pants thinking about how to maintain the ponzi scheme long enough to get to the next election...probably not factoring yet.