Seems like a fine term to describe a vapid attempt to align oneself with a movement, without taking any meaningful action or believing in the underlying principles. All the large banks walking out together on NZAM now that the covid zeitgeist has passed…virtue signaling!

Agreed re: ratings. But also, how do you explain private credit’s growth if the credit quality is so inferior? Private credit has been more nimble than banks (yes, less regulation) but results have also been good

Though welcome, not sure this is a solution that moves the needle. Development charge cuts, upzoning, undeveloped land taxes, etc. would shift the entire market to be more affordable.