Traid Me NZ Anti Competitive Behaviour Law Suit

Traid Me NZ Anti Competitive Behaviour Law Suit Traide Me's monopoly over nz essentially equates to anti competitive behaviour.

"A fraud executed so well, that it wasn't prosecuted"
25/08/2024

"A fraud executed so well, that it wasn't prosecuted"

The fee paid to the Justice Department for getting away with fraud and effecting generations of people across the globe:
25/08/2024

The fee paid to the Justice Department for getting away with fraud and effecting generations of people across the globe:

25/08/2024

These are all factors brought about by the collapse of Lehman Brothers, Citibank, Goldman Sachs et al. It's the Millennials that were forced to pay the price, Gen Z skipped the pain.

25/08/2024

It's the youth that start their careers or enter the labour force while at university during or at the start of a recession that feels the impact for decades to come. They may actually never become wealthy via traditional means especially if they start having children when they are young.

25/08/2024

The restrictions on mortgage conditions faced by young households were shown to be more severe than would be expected given the risk associated to lending to young households. A quantitative model was developed to measure the redistributional impact of employment loss, higher initial indebtedness and overly stringent mortgage conditions on young households. The youth never had a chance.

25/08/2024

Using credit report and mortgage level data, mortgage market conditions were shown to be much tighter during and in the immediate aftermath of the Great Recession for the young compared to prior recessions. They made it harder for youth to get ahead. The system does not want the youth to be free.

25/08/2024

Young households held unprecedentedly high levels of student debt in this period.(2007-2008). This was driven by rising tuition, but also by the loss in net worth experienced by parents as a result of the crisis. Everything was stacked against them to never succeed.

25/08/2024

Based on the misplaced emphasis on high-risk borrowers, low credit score households were all but excluded from mortgage markets, which especially hurt the young.

25/08/2024

There is a permanent negative effect on earnings of youth who enter the labor market at the start of a recession. The research investigated two aggravating factors that amplified this effect in the Great Recession following the 2007-2009 housing and mortgage crisis and beyond.

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