https://www.news.com.au/finance/work/leaders/awkward-photo-opportunity-to-release-banking-commissions-final-report-has-internet-in-stitches/news-story/5263a08ddcb1ea78b9c98f791250899e

The clip starts with a photographer asking: “Could we get a handshake or something …”

Mr Frydenberg turns hopefully towards Mr Hayne but the commissioner quickly strikes down the suggestion, saying “NOPE” as the Treasurer laughs awkwardly.

Liberals still smiling down their noses  at those the banks ripped off , disgusting grubs that opposed a RC 26 times  >:(

There have been the allegations of bribes. The stories about fees for no service. The people being sold worthless insurance policies. The list goes on, and it’s going to get longer.

Its time wrote on Feb 1^st, 2019 at 9:24pm:

There have been the allegations of bribes. The stories about fees for no service. The people being sold worthless insurance policies. The list goes on, and it’s going to get longer.

$billion stolen by thieves wearing suits and ties.

I want to see them punished severely.

why didnt LABOR call a royal when they were in govt????????????....

cods wrote on Feb 1^st, 2019 at 10:21pm:

why didnt LABOR call a royal when they were in govt????????????....

Why did the coalition keep voting against it?

Its time wrote on Feb 1^st, 2019 at 9:02pm:

The clip starts with a photographer asking: “Could we get a handshake or something …” Mr Frydenberg turns hopefully towards Mr Hayne but the commissioner quickly strikes down the suggestion, saying “NOPE” as the Treasurer laughs awkwardly.

The LNP is complicit in this scam to hoodwink battlers into home loans they cannot possibly afford that's why they didn't want to lift the lid on this.

Now lets see how good their fake services economy is when the crooked banks can't throw money at it ;)

stunspore wrote on Feb 1^st, 2019 at 11:41pm:

cods wrote on Feb 1st, 2019 at 10:21pm: why didnt LABOR call a royal when they were in govt????????????.... Why did the coalition keep voting against it?

https://www.abc.net.au/news/2019-02-01/how-did-the-big-four-banks-become-so-dominant/10767994

https://www.abc.net.au/news/image/10768348-3x2-700x467.png

https://www.abc.net.au/news/image/10768362-3x2-700x467.png

https://www.abc.net.au/news/image/10768404-3x2-700x467.png

https://www.abc.net.au/news/image/10768480-3x2-700x467.png

https://www.abc.net.au/news/image/10768520-3x2-700x467.png

stunspore wrote on Feb 1^st, 2019 at 11:41pm:

cods wrote on Feb 1st, 2019 at 10:21pm: why didnt LABOR call a royal when they were in govt????????????.... Why did the coalition keep voting against it?

they were wrong....did they have the numbers??  ::) ::)  so who else voted against it?..

or would you prefer to put all the blame on the Libs?

you still havent answered WHY...they did have the numbers   ::) ::)gilly had the greens and indies in her pocket..

Just look at frydenturd with his sh.t eating grin and that says it all !

I still prefer a HEALTHY BANK with funds.. than something like
Lehman Bros  fannie mae or even freddy for that matter...

https://www.youtube.com/watch?v=ToUGyYySR80


It's hard admitting being wrong


https://www.youtube.com/watch?v=5wBk3_AAdjk

cods wrote on Feb 2^nd, 2019 at 11:01am:

stunspore wrote on Feb 1st, 2019 at 11:41pm: cods wrote on Feb 1st, 2019 at 10:21pm: why didnt LABOR call a royal when they were in govt????????????.... Why did the coalition keep voting against it? they were wrong....did they have the numbers??  ::) ::)  so who else voted against it?.. or would you prefer to put all the blame on the Libs? you still havent answered WHY...they did have the numbers   ::) ::)gilly had the greens and indies in her pocket..

Labor didn't cut 500 million and sack half of ASICs staff codsy

A picture tells a thousand words...

---

stunspore wrote on Feb 2^nd, 2019 at 11:40am:

https://www.youtube.com/watch?v=ToUGyYySR80 It's hard admitting being wrong https://www.youtube.com/watch?v=5wBk3_AAdjk

"on it from the get-go"?  Bizarre..... truly bizarre... lying through her teeth.. always been aware of problems.......

cods wrote on Feb 2^nd, 2019 at 11:09am:

I still prefer a HEALTHY BANK with funds.. than something like Lehman Bros  fannie mae or even freddy for that matter...

Are you kidding me ! What cash reserves do these banks actually have ? Little wonder they all signed up for a gov guarantee on depositors money :(

I don't think it is reasonable to read any disrespect into what the Commissioner did in refusing the prompt for a pose from the schmedia.

The Commissioner well knew what use would later be made of such a photo by both the arsehole schmedia and the opportunist politicians.

All he did was say..."Sorry, I am not feeding you chooks.  Far cough," so succinctly with a one word, "Nope."

Sir lastnail wrote on Feb 2^nd, 2019 at 1:06pm:

cods wrote on Feb 2nd, 2019 at 11:09am: I still prefer a HEALTHY BANK with funds.. than something like Lehman Bros  fannie mae or even freddy for that matter... Are you kidding me ! What cash reserves do these banks actually have ? Little wonder they all signed up for a gov guarantee on depositors money :(

wouldnt you if the govt was stooopid enough to throw it at you in the first place... ;D ;D ;D

get a grip rusty I bet you have the first dollar you ev er made.

cods wrote on Feb 1^st, 2019 at 10:21pm:

why didnt LABOR call a royal when they were in govt????????????....

Please provide a link showing that a Banking Royal Commission was being demanded by the community before the 2013 election.

Bam wrote on Feb 2^nd, 2019 at 8:01pm:

cods wrote on Feb 1st, 2019 at 10:21pm: why didnt LABOR call a royal when they were in govt????????????.... Please provide a link showing that a Banking Royal Commission was being demanded by the community before the 2013 election.

Must say, I certainly don't recall community demands on an RC.  But if coalition supporters want to deflect that's ok.  Just don't accept it is ALP's fault the RC wasn't any earlier.

cods wrote on Feb 2^nd, 2019 at 4:22pm:

Sir lastnail wrote on Feb 2nd, 2019 at 1:06pm: cods wrote on Feb 2nd, 2019 at 11:09am: I still prefer a HEALTHY BANK with funds.. than something like Lehman Bros  fannie mae or even freddy for that matter... Are you kidding me ! What cash reserves do these banks actually have ? Little wonder they all signed up for a gov guarantee on depositors money :( wouldnt you if the govt was stooopid enough to throw it at you in the first place... ;D ;D ;D get a grip rusty I bet you have the first dollar you ev er made.

It's your money, cods - aren't you a little concerned?

https://www.trustedtarot.com/img/cards/the-fool.png

cods wrote on Feb 2^nd, 2019 at 11:01am:

stunspore wrote on Feb 1st, 2019 at 11:41pm: cods wrote on Feb 1st, 2019 at 10:21pm: why didnt LABOR call a royal when they were in govt????????????.... Why did the coalition keep voting against it? they were wrong....did they have the numbers??  ::) ::)  so who else voted against it?.. or would you prefer to put all the blame on the Libs? you still havent answered WHY...they did have the numbers   ::) ::)gilly had the greens and indies in her pocket..

Of course they had the numbers cods.  Gawd......what rock have you been living under?

Sir Grappler Truth Teller OAM wrote on Feb 2^nd, 2019 at 10:27pm:

cods wrote on Feb 2nd, 2019 at 4:22pm: Sir lastnail wrote on Feb 2nd, 2019 at 1:06pm: cods wrote on Feb 2nd, 2019 at 11:09am: I still prefer a HEALTHY BANK with funds.. than something like Lehman Bros  fannie mae or even freddy for that matter... Are you kidding me ! What cash reserves do these banks actually have ? Little wonder they all signed up for a gov guarantee on depositors money :( wouldnt you if the govt was stooopid enough to throw it at you in the first place... ;D ;D ;D get a grip rusty I bet you have the first dollar you ev er made. It's your money, cods - aren't you a little concerned? https://www.trustedtarot.com/img/cards/the-fool.png

sure am!!

more so though when SHORTARSE is gifting $500 mill to the UN...... who will take over control of our borders....and make us take in whatever and whoever they say... >:( >:( >:(


now yes I do worry about my money and where it goes...thats for sure.

stunspore wrote on Feb 2^nd, 2019 at 8:18pm:

Bam wrote on Feb 2nd, 2019 at 8:01pm: cods wrote on Feb 1st, 2019 at 10:21pm: why didnt LABOR call a royal when they were in govt????????????.... Please provide a link showing that a Banking Royal Commission was being demanded by the community before the 2013 election. Must say, I certainly don't recall community demands on an RC.  But if coalition supporters want to deflect that's ok.  Just don't accept it is ALP's fault the RC wasn't any earlier.

THE TROUBLE WITH THE BANKS  HAD BEEN GOING ON FOR A LONG TIME...... ::)



What sparked problems with the banks?
It's a long story, but Australia's banks have been plagued with one scandal after another over the past decade.

At the heart of it is the banking industry's promotion of an aggressive, sales-driven culture, which emphasises profit at all costs.

In addition, there's the flawed compliance structure, and the refusal of banks to hold anyone in a senior position accountable.

Three years ago, ABC's Four Corners shone a light on the Commonwealth Bank's financial planning scandal.

https://www.abc.net.au/news/2017-11-30/banking-royal-commission-how-did-we-get-here/9210248


if anyone believes the Banks only went feral just as the libs took over the helm..

they have rocks for brains. ::)

cods wrote on Feb 3^rd, 2019 at 8:56am:

stunspore wrote on Feb 2nd, 2019 at 8:18pm: Bam wrote on Feb 2nd, 2019 at 8:01pm: cods wrote on Feb 1st, 2019 at 10:21pm: why didnt LABOR call a royal when they were in govt????????????.... Please provide a link showing that a Banking Royal Commission was being demanded by the community before the 2013 election. Must say, I certainly don't recall community demands on an RC.  But if coalition supporters want to deflect that's ok.  Just don't accept it is ALP's fault the RC wasn't any earlier. THE TROUBLE WITH THE BANKS  HAD BEEN GOING ON FOR A LONG TIME...... ::) What sparked problems with the banks? It's a long story, but Australia's banks have been plagued with one scandal after another over the past decade. At the heart of it is the banking industry's promotion of an aggressive, sales-driven culture, which emphasises profit at all costs. In addition, there's the flawed compliance structure, and the refusal of banks to hold anyone in a senior position accountable. Three years ago, ABC's Four Corners shone a light on the Commonwealth Bank's financial planning scandal. https://www.abc.net.au/news/2017-11-30/banking-royal-commission-how-did-we-get-here/9210248 if anyone believes the Banks only went feral just as the libs took over the helm.. they have rocks for brains. ::)

Cods.....it is inescapable that the ALP wanted the RC, and zillions of times, you  lot voted it down.  Face reality, just once, ey?

cods wrote on Feb 2^nd, 2019 at 4:22pm:

Sir lastnail wrote on Feb 2nd, 2019 at 1:06pm: cods wrote on Feb 2nd, 2019 at 11:09am: I still prefer a HEALTHY BANK with funds.. than something like Lehman Bros  fannie mae or even freddy for that matter... Are you kidding me ! What cash reserves do these banks actually have ? Little wonder they all signed up for a gov guarantee on depositors money :( wouldnt you if the govt was stooopid enough to throw it at you in the first place... ;D ;D ;D get a grip rusty I bet you have the first dollar you ev er made.

Those banks aren't healthy at all. They have less than 1% cash reserves. Everything else is on the never never. It's a big worry when five of the top 20 companies are banks ! Aren't we good at anything else ?

cods wrote on Feb 3^rd, 2019 at 8:56am:

stunspore wrote on Feb 2nd, 2019 at 8:18pm: Bam wrote on Feb 2nd, 2019 at 8:01pm: cods wrote on Feb 1st, 2019 at 10:21pm: why didnt LABOR call a royal when they were in govt????????????.... Please provide a link showing that a Banking Royal Commission was being demanded by the community before the 2013 election. Must say, I certainly don't recall community demands on an RC.  But if coalition supporters want to deflect that's ok.  Just don't accept it is ALP's fault the RC wasn't any earlier. THE TROUBLE WITH THE BANKS  HAD BEEN GOING ON FOR A LONG TIME...... ::) What sparked problems with the banks? It's a long story, but Australia's banks have been plagued with one scandal after another over the past decade. At the heart of it is the banking industry's promotion of an aggressive, sales-driven culture, which emphasises profit at all costs. In addition, there's the flawed compliance structure, and the refusal of banks to hold anyone in a senior position accountable. Three years ago, ABC's Four Corners shone a light on the Commonwealth Bank's financial planning scandal. https://www.abc.net.au/news/2017-11-30/banking-royal-commission-how-did-we-get-here/9210248 if anyone believes the Banks only went feral just as the libs took over the helm.. they have rocks for brains. ::)

The greens have always been calling for an RC into the banks so put a sock in it. You lot just didn't want to have one because you believe in monopolies and crooks :(

cods wrote on Feb 3^rd, 2019 at 8:56am:

stunspore wrote on Feb 2nd, 2019 at 8:18pm: Bam wrote on Feb 2nd, 2019 at 8:01pm: cods wrote on Feb 1st, 2019 at 10:21pm: why didnt LABOR call a royal when they were in govt????????????.... Please provide a link showing that a Banking Royal Commission was being demanded by the community before the 2013 election. Must say, I certainly don't recall community demands on an RC.  But if coalition supporters want to deflect that's ok.  Just don't accept it is ALP's fault the RC wasn't any earlier. THE TROUBLE WITH THE BANKS  HAD BEEN GOING ON FOR A LONG TIME...... ::) What sparked problems with the banks? It's a long story, but Australia's banks have been plagued with one scandal after another over the past decade. At the heart of it is the banking industry's promotion of an aggressive, sales-driven culture, which emphasises profit at all costs. In addition, there's the flawed compliance structure, and the refusal of banks to hold anyone in a senior position accountable. Three years ago, ABC's Four Corners shone a light on the Commonwealth Bank's financial planning scandal. https://www.abc.net.au/news/2017-11-30/banking-royal-commission-how-did-we-get-here/9210248 if anyone believes the Banks only went feral just as the libs took over the helm.. they have rocks for brains. ::)

Who was in government in 2017, cods? The Liberals and the Nationals.

So why did you deflect to Labor?

Please provide a link showing that a Banking Royal Commission was being demanded by the community before the 2013 election.

Royal commissioner shows utter contempt for libs

well that's good

because I have utter contempt for them too

The botch up of a census, for one

My Health records for two

and too many others to mention

Globalist scum

Aussie wrote on Feb 3^rd, 2019 at 9:08am:

Cods.....it is inescapable that the ALP wanted the RC, and zillions of times, you  lot voted it down.  Face reality, just once, ey?

cods was one of those ones arguing against it. She used to claim it would destroy the economy. She'd rather the corrupt banker be protected.

The  dirty, stinking, rotten Banking system, Finance sector and all those other cockroaches that fall under that ambit had their fates delivered in three volumes by Royal Commissioner Payne

Breathtaking in its judgement of the filthy finance system we have had to endure for eons now the real work begins

Unless the Government follows up and enforces Judge Payne's recommendations nothing will change

Bill Shorten has promised to bring in a 'Whistleblower's Act' which protects all those who dob in corrupt behaviour, this is encouraging given that current P.M. Morrison voted 26 times against the Royal Commission

This dirty Government does not deserve another term Australians have been punished by a greed driven industry, one that was protected and protected  by the Liberals

Bill sure wants to clean house and corruption with his latest annoucement , goodness me must be some tense moments over at team Libtard

John Smith wrote on Feb 3^rd, 2019 at 2:02pm:

Aussie wrote on Feb 3rd, 2019 at 9:08am: Cods.....it is inescapable that the ALP wanted the RC, and zillions of times, you  lot voted it down.  Face reality, just once, ey? cods was one of those ones arguing against it. She used to claim it would destroy the economy. She'd rather the corrupt banker be protected.

Not just Cods.  Juliar and all the other coalition supporters were fighting to defend the coalition's constant NO votes to bring on the legislation.

Thankfully it's all out in the open on account of Labor passing it from opposition,  now we can really ram it home all the way to election how team Muppet opposed it 26 times

The findings of the Banking Royal Commission in effect have heralded the 'death knell' of the Government

Given the sweeping condemnation of the Finance Sector in the 3 Volume report by Commissioner Kenneth Hayne all the Government could do was parade Josh Frydenburg to lamely bang on about how the 76 recomm4endations from Hayne would be carried out

All a bit like shutting the gate when the horse has well and truly bolted

The Finance Sector will never be the same again. This could well and truly herald a recession

Money will be extremely tight as Banks and Co. go to ground

Whatever the price is, it must be paid in order to bring about real reformation in an industry that was and most probably still is, totally out of control

The end result - a whitewash -

not one thief named at the royal commission.

I expected a list of 100s if not 1000s of thieves to be named -
rounded up and charged.
Looks like those thieves got away it.

Quote:

Royal commissioner shows utter contempt for libs

The commissioner would have been aware of what went on behind the scenes.

The Libs would have expected a commissioner to help them to protect their mates and likely not been terribly transparent about the expectation.

red baron wrote on Feb 3^rd, 2019 at 5:26pm:

The  dirty, stinking, rotten Banking system, Finance sector and all those other cockroaches that fall under that ambit had their fates delivered in three volumes by Royal Commissioner Payne Breathtaking in its judgement of the filthy finance system we have had to endure for eons now the real work begins Unless the Government follows up and enforces Judge Payne's recommendations nothing will change Bill Shorten has promised to bring in a 'Whistleblower's Act' which protects all those who dob in corrupt behaviour, this is encouraging given that current P.M. Morrison voted 26 times against the Royal Commission This dirty Government does not deserve another term Australians have been punished by a greed driven industry, one that was protected and protected  by the Liberals

Red, they have already said they will act on, not implement,  some of the policies. That is code for "we will water down all the findings because we can't piss off our donors".How long did you support these wankers for red, don't you feel embarassed?

stunspore wrote on Feb 3^rd, 2019 at 10:06pm:

John Smith wrote on Feb 3rd, 2019 at 2:02pm: Aussie wrote on Feb 3rd, 2019 at 9:08am: Cods.....it is inescapable that the ALP wanted the RC, and zillions of times, you  lot voted it down.  Face reality, just once, ey? cods was one of those ones arguing against it. She used to claim it would destroy the economy. She'd rather the corrupt banker be protected. Not just Cods.  Juliar and all the other coalition supporters were fighting to defend the coalition's constant NO votes to bring on the legislation.

https://www.theage.com.au/politics/federal/scott-morrison-can-t-afford-to-repeat-the-coalition-s-mistakes-on-the-banking-royal-commission-20190203-p50vfs.html

ALP tried to introduce tougher legislation during their time... coalition voted against it.

It would appear as though the Coalition only acted on a RC once the banks gave them permission....This rabble must go???

::) ::) ::)

https://www.abc.net.au/news/2019-02-05/big-banks-ask-government-to-call-short-royal-commission-letter/10778928

stunspore wrote on Feb 5^th, 2019 at 6:34am:

stunspore wrote on Feb 3rd, 2019 at 10:06pm: John Smith wrote on Feb 3rd, 2019 at 2:02pm: Aussie wrote on Feb 3rd, 2019 at 9:08am: Cods.....it is inescapable that the ALP wanted the RC, and zillions of times, you  lot voted it down.  Face reality, just once, ey? cods was one of those ones arguing against it. She used to claim it would destroy the economy. She'd rather the corrupt banker be protected. Not just Cods.  Juliar and all the other coalition supporters were fighting to defend the coalition's constant NO votes to bring on the legislation. https://www.theage.com.au/politics/federal/scott-morrison-can-t-afford-to-repeat-the-coalition-s-mistakes-on-the-banking-royal-commission-20190203-p50vfs.html ALP tried to introduce tougher legislation during their time... coalition voted against it.

can you show me where it says that in that link stuns...all i can find is this..



Shorten will want to go hard. The creation of the royal commission shows there is no political reward for any other course. He called for the royal commission in April 2016 and watched the Coalition oppose the idea for more than 18 months

Dodgy bastards the lot of them....Scott Morrison has shown he is as week as piss when it comes to the Australian public versus bucket loads of money for the Liberal Party....This dickhead must get booted to the kerb come next election!!!

>:( >:( >:(

https://www.abc.net.au/news/2018-04-23/banking-royal-commission-how-asic-went-mia/9685792

Hayne and Fried.

---

No I don't feel embarrassed by the fact that I used to support this Government

But I do feel bloody well betrayed by the whole system. I do believe that the government knew full well what was happening in the financial sector. It beggars belief that Malcolm Turnbull was deaf, dumb and blind to what was going on

For heaven's sake he is a qualified barrister and an expert in merchant banking
I believe he was up to his armpits in it

But it was such a big deal that if he had rung the bell on a Royal Commission, his Government would have looked like a bunch of rank amateurs and also that they had the knowledge but refused to act on it because of vested interests

It is no secret that the biggest supporters in Australia of the Liberal Party is the corporate sector

Lots and lots of favours are owed by the Libs to the corporates

In the end Labor managed to rally support for this Royal Commission and brother hasn't it played out well for Labor

Good luck to them this financial Nuclear Bomb needed detonating, even though the consequences of it may well bring on a recession

The Financial sector is a drunk reeling with the power that it has (or had) Now it is time to pay the piper and let the consequences fall where they will

Blood must be spilled and people need to be criminally charged, this is the biggest fraud, hoax, con ever foisted on an Australian public

They need to be hung, drawn and quartered and nothing less than that will do

https://pbs.twimg.com/media/Dylw-CpUcAAqout.jpg

cods wrote on Feb 5^th, 2019 at 7:34am:

can you show me where it says that in that link stuns...all i can find is this..

Quote:

Shorten was the minister responsible for financial services when Labor attempted to legislate a tougher regime called the Future of Financial Advice, or FOFA.

also


Quote:

The Hayne report shows Labor was right on the FOFA reform and the Coalition was wrong to water it down when it got into power after the 2013 election.

:D :D

philperth2010 wrote on Feb 5^th, 2019 at 7:25am:

It would appear as though the Coalition only acted on a RC once the banks gave them permission....This rabble must go??? ::) ::) ::) https://www.abc.net.au/news/2019-02-05/big-banks-ask-government-to-call-short-royal-commission-letter/10778928

unbelievable. I wonder what sort of details were included in the 'discussions' mentioned in the letter. The libs are taking us all for mugs.

John as I understand it, the Farmers who were losing their properties to the banks in their thousands threatened to disembowel the National Party if they didn't support Labor in calls for R.C.

Enough Nationals crossed the floor  for it to go through

red baron wrote on Feb 5^th, 2019 at 4:39pm:

John as I understand it, the Farmers who were losing their properties to the banks in their thousands threatened to disembowel the National Party if they didn't support Labor in calls for R.C. Enough Nationals crossed the floor  for it to go through

Name them.  (Not one crossed the floor.)

Aussie wrote on Feb 5^th, 2019 at 4:53pm:

red baron wrote on Feb 5th, 2019 at 4:39pm: John as I understand it, the Farmers who were losing their properties to the banks in their thousands threatened to disembowel the National Party if they didn't support Labor in calls for R.C. Enough Nationals crossed the floor  for it to go through Name them.  (Not one crossed the floor.)

True - but they threatened to..like fat George.  It made Libs get into the motions of a RC.

red baron wrote on Feb 5^th, 2019 at 1:10pm:

No I don't feel embarrassed by the fact that I used to support this Government But I do feel bloody well betrayed by the whole system. I do believe that the government knew full well what was happening in the financial sector. It beggars belief that Malcolm Turnbull was deaf, dumb and blind to what was going on For heaven's sake he is a qualified barrister and an expert in merchant banking I believe he was up to his armpits in it But it was such a big deal that if he had rung the bell on a Royal Commission, his Government would have looked like a bunch of rank amateurs and also that they had the knowledge but refused to act on it because of vested interests It is no secret that the biggest supporters in Australia of the Liberal Party is the corporate sector Lots and lots of favours are owed by the Libs to the corporates In the end Labor managed to rally support for this Royal Commission and brother hasn't it played out well for Labor Good luck to them this financial Nuclear Bomb needed detonating, even though the consequences of it may well bring on a recession The Financial sector is a drunk reeling with the power that it has (or had) Now it is time to pay the piper and let the consequences fall where they will Blood must be spilled and people need to be criminally charged, this is the biggest fraud, hoax, con ever foisted on an Australian public They need to be hung, drawn and quartered and nothing less than that will do

Used to support the government?  From most of your posts, thought you still do.

stunspore wrote on Feb 5^th, 2019 at 4:57pm:

Aussie wrote on Feb 5th, 2019 at 4:53pm: red baron wrote on Feb 5th, 2019 at 4:39pm: John as I understand it, the Farmers who were losing their properties to the banks in their thousands threatened to disembowel the National Party if they didn't support Labor in calls for R.C. Enough Nationals crossed the floor  for it to go through Name them.  (Not one crossed the floor.) True - but they threatened to..like fat George.  It made Libs get into the motions of a RC.

Correct, but I want Mr Baron to pause and reflect.  His post assumes that the ALP put up the Bill and it got through because Nats crossed the floor.

That just did not happen, Mr Baron.

Tonight's ABC news:

Royal commission hits banks with a wet lettuce leaf.
Bank shares all rise and AMP went up 10% in one day!

John Smith wrote on Feb 5^th, 2019 at 2:03pm:

philperth2010 wrote on Feb 5th, 2019 at 7:25am: It would appear as though the Coalition only acted on a RC once the banks gave them permission....This rabble must go??? ::) ::) ::) https://www.abc.net.au/news/2019-02-05/big-banks-ask-government-to-call-short-royal-commission-letter/10778928 unbelievable. I wonder what sort of details were included in the 'discussions' mentioned in the letter. The libs are taking us all for mugs.

Quote:

National Australia Bank chairman Ken Henry — a former Treasury secretary — sent an email to the then-Treasurer, Scott Morrison, on November 29, 2017, with a draft version of the banks' letter signed by the chairmen and chief executives of the big four. "Dear Treasurer. Further to our discussions, attached is a draft letter sent on behalf of the major banks. This remains subject to final approval," Dr Henry wrote. A final version of the letter was sent the following day — with a single, minor change to the wording — and the Turnbull Government immediately responded by announcing it would call the royal commission.

After saying NO 26 times the bastards roll over when the banks give their permission....Utter bullshit???

>:( >:( >:(

FOR AUSSIE  o.k. they didn't cross the floor but they sure as hell were going to. The Government jumped before they were pushed


Source ABC

Why did the PM change his mind?



What is a royal commission?

With renewed calls for a royal commission into misconduct in the banking industry, find out what that would entail.


Quite simply, because the Government is under pressure.

Malcolm Turnbull responded to a reporter's question on the backflip by saying: "Government policy remains the same until it's changed."

"This was a decision of the Cabinet that just concluded.


"That is the first point I want to stress to you. Obviously, there's been a lot of changes in the political environment here.



Profit at what cost?

The latest allegations against the Commonwealth Bank highlight a deeply disturbing failure, Ian Verrender writes.


"We've got two by-elections under way, the numbers are down in the House of Representatives … you all understand the political circumstances."

The Opposition has been calling for a royal commission for more than 18 months.

Last month, things got a little trickier for the PM when rumblings began on his own side of politics.

Nationals senator Barry O'Sullivan drafted a bill calling for an inquiry into the sector and two of his colleagues threatened to cross the floor to support it

The ABC understands they were on the verge of introducing the bill just before the PM announced the royal commission.

If members of Mr Turnbull's Coalition Government were to break ranks and force an inquiry into the banks, it would be quite embarrassing for him.

Where to from here?

Well, there's a lot we still don't know, but the PM did announce he would appoint a "distinguished serving or former judicial officer to lead the commission".

He also said the budget for the inquiry was $75 million and he wants an final report delivered by February 2019.

Topics: banking, industry, business-economics-and-finance, federal-government, government-and-politics, australia

First posted 30 Nov 2017, 2:59pm

Print  Email  Facebook  Twitter  More




.ii