Editor’s letter - November 2012
“Whoever eventually sits in the hot-seat will be leading a sector under enormous pressure”
It is obviously time to stockpile cans of beans or head for the hills and learn to be self-sufficient, it’s all over for brokers. How do we know this? It came to me pretty much after Macquarie Bank pulled out of lending to brokers. Over the past two years whenever I’ve raised the topic of borrowing for acquisitions with brokers in our Broking Success column the answer has been near-unanimous: “I got my funding from Macquarie”. It is only anecdotal evidence I know, but it felt like the bank had
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