Hi Neil Rilatt and “Joe”, thank you for your comments. …

Comment on Rubbish house lenders have 71 loans in Alice by Erwin Chlanda.

Hi Neil Rilatt and “Joe”, thank you for your comments.
Surely, it’s not all that hard to comprehend what makes these issues newsworthy (which means the public has a wish and right to know).
Unlike the privately (shareholder) owned banks, IBA received, in one financial year, $34m from the taxpayer. These subsidies are clearly ongoing.
Government guarantees for banks are a world-wide phenomenon and subject to vigorous debate at the moment, but these issues are outside our patch.
Unlike the private banks IBA is a Commonwealth Statutory Body responsible – via politicians – to the public.
Publicly owned property we reported about was significantly damaged by tenants whose use of the house was facilitated by IBA.
These tenants inflicted sustained inconvenience and anxiety on their neighbours, and made repeated police attention necessary.
While there are more questions to be answered, IBA announced it would provide no further comment.
You are welcome to browse our seven million word archive, dating back almost 20 years, and you will find several reports about damage to public property.
We covered ice manufacture in Alice Springs. Are you suggesting these houses were also financed with IBA loans?
If not than for any loss banks incurred, they will have their shareholders to answer to, not the public.
Erwin Chlanda, Editor.

Erwin Chlanda Also Commented

Rubbish house lenders have 71 loans in Alice
Hi Neil Rilatt, thanks for your comment.
You may like to point out which commercial bank receives $34 million a year “as revenue from the Australian Government”.
Kind regards, Erwin Chlanda, Editor.


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Erwin Chlanda, Editor