ASIC v Westpac judgment shows it's not always fair to blame the banks

By Simon Cowan
Updated July 2 2021 - 2:25am, first published August 17 2019 - 12:30am

It's being billed as Australia's "let them eat cake" moment: a federal court judge so "out of touch with the realities faced by most Australians" according Financial Rights Legal Centre chief executive Karen Cox that he suggested "borrowers ditch wagyu steaks and shiraz for cheaper food" to meet loan repayments.

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