.......Traveled far and wide have I.... from the Supreme Council, knowledge, Justice and weapons, I bring

Much to learn you still have............. Always in motion the future is.....

Secret, shall I tell you? Hmmmmmm?



Prime Minister Kevin Rudd unveiled the deal with the banks at a jobs forum in Melbourne today, Sunday April 5, 2009

An agreement with Australia's four big banks would support borrowers in temporary hardship through loss of employment by postponing mortgage repayments for up to 12 months, Mr Rudd said.

"The banks are also prepared to consider extending the period of the mortgage contract and reducing the amount of each payment due under the contract,'' Mr Rudd said.

In an unprecedented move, Australia's big-four banks have reached the landmark agreement to help prevent struggling families from losing their homes.

HOMEBUYERS who lose their jobs will be eligible for a 12-month reprieve on mortgage repayments and could be granted concessions on car loans and other debt, as part of a new deal between the Federal Government and the major banks.

As unemployment rates soar, Treasurer Wayne Swan has pressured the big four banks into helping families who fall victim to the global recession.



Read more: http://www.smh.com.au/national/banks-agree-to-swan-mortgagerelief-deal-20090404-9siw.html#ixzz2CRYFBTTL

HOMEBUYERS who lose their jobs will be eligible for a 12-month reprieve on mortgage repayments and could be granted concessions on car loans and other debt, as part of a new deal between the Federal Government and the major banks.

As unemployment rates soar, Treasurer Wayne Swan has pressured the big four banks into helping families who fall victim to the global recession.



Read more: http://www.smh.com.au/national/banks-agree-to-swan-mortgagerelief-deal-20090404-9siw.html#ixzz2CRYFBTTL

Home buyers who lose their jobs will be eligible for a 12-month reprieve on mortgage repayments and could be granted concessions on car loans and other debt, as part of a new deal between the Federal Government and the major banks.

As unemployment rates soar, Treasurer Wayne Swan has pressured the big four banks into helping families who fall victim to the global recession.

Part of a comprehensive package of assistance for workers, the Commonwealth, National Australia, Westpac and ANZ banks will put a freeze on mortgage payments in hardship cases,

"Banks would also be prepared to consider interest-only repayment options, including car loans where appropriate",

The banks are also considering extending the period of mortgage contracts and reducing payment amounts.

"Of course, these options won't be appropriate in every case, and banks will make assessments based on the borrower's ability to meet new contractual obligations in the long term,''

Mr Rudd acknowledged the Commonwealth Bank's "good will'' for already introducing this policy in recent weeks.

"The Government's purpose in its negotiations with the banks has been clear - to ask the banks to provide maximum flexibility for borrowers suffering temporary hardship. through enforced unemployment for the 12 months ahead.

I'd like to thank the banks for the goodwill they have demonstrated in this area."

"Westpac Group endorses the agreement between the federal government and the four big banks to postpone mortgage repayments for up to a year" says Ms Kelly. Sunday April 5, 2009

"From our point of view, we totally endorse these principles and they're very much part of our way of doing business," Ms Kelly told reporters in Sydney on Sunday.

"Banks have a responsibility to help customers struggling with their finances", Westpac Group chief executive Gail Kelly says.

"Banks did not want customers in financial hardship to feel as though they had nowhere to go", she said.

"The last thing we want to do with regard to mortgages is actually take over someone's home."

"Banks need to step up to help customers": Kelly

"The Australian economy is slowing, it's really important that as an industry we step up and do what we can to support our customers in this time."

Westpac and St George have also extended their Assist program, which helps customers by extending loan terms or freezing repayments, to include small business.

Compiled From:
http://www.treasurer.gov.au/DisplayDocs.aspx?doc=pressreleases/2009/034.htm&pageID=003&min=wms&Year=&DocType
http://www.news.com.au/top-stories/mortgage-relief-plan-for-jobless/story-e6frfkp9-1225699624013#ixzz2CQnUpW4q
http://www.smh.com.au/national/banks-agree-to-swan-mortgagerelief-deal-20090404-9siw.html
http://blogs.news.com.au/moneymum/index.php/news/comments/mortgage_relief_for_some/


The effects of the GFC are STILL ongoing, not everyone was affected INSTANTLY,

Why Ms Kelly  in direct defiance of its agreement with the Government,

is Westpac repossessing homes from people who are in Hardship who were affected by the GFC?


The shroud of the Dark Side has fallen.....     Begun the Bank War has!

I bring Kryptonite,    strike deep into the hearts of the evil banks it will.....

Powerful you have become, ..........the Force is with you!