Prosper Australia

With financial turmoil building daily, we have asked leading financial commentator Stephen Mayne to dissect the spreading credit crunch. Bear Stearns, Carlyle, North Rock, RAMS - who is next?

Also joining us is Mairied Sullivan from the ‘Save Tara’ campaign on one of Ireland’s most sacred regions - Tara hill. We will hear the background story to a rampant development. The motivations behind such sprawl are revealing!

Hope you can tune in Wednesday’s from 5 - 6 pm on AM 855 or via www.3cr.org.au.

Tune into www.3cr.org.au from 5- 6pm today or listen via good ole AM radio - 855 AM on the dial as hosts Karl & Rayna interview Steve Keen about his upcoming presentation, “Deeper in Debt” (tomorrow night in the Prosper Offices - book soon as places are filling fast).

Steve will be asked to explain the role debt is playing in our economy and whether the Australian banking system has engaged in the same slippery financial product development as the US (ie Credit Default Swaps & Adjustable Rate Mortgages). We can’t resist - we must ask who is dominating the creation of money supply in Australia - the Reserve Bank or the commercial banking sector?

Has the deregulated banking sector benefited the Australian people?
(more…)