Then today, Mr Parker talked about "It's all about the banks. That's why we're turning it over, because they're using a loophole." Of course, he's used that excuse once before, when he said that mum and dad investors, mum and dad homeowners who own a rental, are using a loophole because they're using interest deductibility, even though it had been the part of the tax system that you should be able to duct interest against accessible income, and that had been the tenet of New Zealand tax law since time immemorial. He decided it was a loophole.