The seething population of 'financial rats' will be fleeing in numbers as the ramifications of the Banking Royal Commission are felt

Already it has been stated that Commissioner Hayne has recommended that Criminal Charges be considered against some of the worst villains in a sea of villains in an industry of out of control cowboys

Things will never be the same and I wouldn't want to be holding shares  in NAB Bank which was singled out as the worst of the worst

Be interesting watching the share market tomorrow

Leeches like Mortgage Brokers will be looking for new jobs as their outrageous Ponzi like commission schemes are scuttled

It is going to be 'one 'bumpy ride' so fasten your seat belts' as Bette Davis once famously said

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.

Bobby I don't think that was part of the 'rules of the Royal Commission' to go down the road of naming individuals

It is now up to the complaints authorities whose job it is to control this industry, to place before the courts individual prosecutions.  Hayne has flogged APRA and ASIC for not doing their job. Things must and will change in those lazy arsed bodies

As it stands clear and consistent  guidelines for Law Enforcement have been laid out

If what has occurred over a long, long time, doesn't sink the Liberal Government then we might as well all give up

red baron wrote on Feb 4^th, 2019 at 6:14pm:

Bobby I don't think that was part of the 'rules of the Royal Commission' to go down the road of naming individuals It is now up to the complaints authorities whose job it is to control this industry, to place before the courts individual prosecutions.  Hayne has flogged APRA and ASIC for not doing their job. Things must and will change in those lazy arsed bodies As it stands clear and consistent  guidelines for Law Enforcement have been laid out If what has occurred over a long, long time, doesn't sink the Liberal Government then we might as well all give up

Hayne has acted with 100% integrity.  Good on him.  His job is not to name people, but to make recommendations on what Government and regulatory authorities ought to investigate.

For example.......The Cole RC farce was the reverse.  Many people named by Cole, and NOT ONE even prosecuted, let alone tried, and let alone found guilty.

Hayne is not about to allow his excellent work to be politicised or bastardised by arseholes in the schmedia.  (He gave a very clear overt signal of that when he refused to play photo op with Frydenburg at schmedia urging in the last day or so.)

Well done him.  There will be no egg on his face or indelible stain on the work of his RC.

red baron wrote on Feb 4^th, 2019 at 6:14pm:

Bobby I don't think that was part of the 'rules of the Royal Commission' to go down the road of naming individuals

Turnbull had to protect his mates

I believe the Coalition will accept most of the recommendations of the RC Red....They know Bill Shorten and the Greens will, so Scott Morrison cannot afford to be wedged even further on the issue....Could he???

:-? :-? :-?

red baron wrote on Feb 4^th, 2019 at 6:14pm:

Bobby I don't think that was part of the 'rules of the Royal Commission' to go down the road of naming individuals It is now up to the complaints authorities whose job it is to control this industry, to place before the courts individual prosecutions.  Hayne has flogged APRA and ASIC for not doing their job. Things must and will change in those lazy arsed bodies As it stands clear and consistent  guidelines for Law Enforcement have been laid out If what has occurred over a long, long time, doesn't sink the Liberal Government then we might as well all give up

So thieves who stole $billions will walk free but
if you or I stole a chocolate bar from a shop we'd face court.

That sounds fair.

Bobby. wrote on Feb 4^th, 2019 at 6:35pm:

red baron wrote on Feb 4th, 2019 at 6:14pm: Bobby I don't think that was part of the 'rules of the Royal Commission' to go down the road of naming individuals It is now up to the complaints authorities whose job it is to control this industry, to place before the courts individual prosecutions.  Hayne has flogged APRA and ASIC for not doing their job. Things must and will change in those lazy arsed bodies As it stands clear and consistent  guidelines for Law Enforcement have been laid out If what has occurred over a long, long time, doesn't sink the Liberal Government then we might as well all give up So thieves who stole $billions will walk free but if you or I stole a chocolate bar from a shop we'd face court. That sounds fair.

If prosecuting authorities have evidence of criminality, they will prosecute Bobby.  Simple as that.

Aussie wrote on Feb 4^th, 2019 at 6:36pm:

Bobby. wrote on Feb 4th, 2019 at 6:35pm: red baron wrote on Feb 4th, 2019 at 6:14pm: Bobby I don't think that was part of the 'rules of the Royal Commission' to go down the road of naming individuals It is now up to the complaints authorities whose job it is to control this industry, to place before the courts individual prosecutions.  Hayne has flogged APRA and ASIC for not doing their job. Things must and will change in those lazy arsed bodies As it stands clear and consistent  guidelines for Law Enforcement have been laid out If what has occurred over a long, long time, doesn't sink the Liberal Government then we might as well all give up So thieves who stole $billions will walk free but if you or I stole a chocolate bar from a shop we'd face court. That sounds fair. If prosecuting authorities have evidence of criminality, they will prosecute Bobby.  Simple as that.

There was plenty of evidence of criminality.
They charged people fees for services they never received -
they even charged dead people for services.
Who's responsible? - what are their names?

I guess you will find out when and if anyone is actually charged, Bobby. 

philperth2010 wrote on Feb 4^th, 2019 at 6:27pm:

I believe the Coalition will accept most of the recommendations of the RC Red....They know Bill Shorten and the Greens will, so Scott Morrison cannot afford to be wedged even further on the issue....Could he???

Of course they'll say they support it .... they already have egg on their face over the RC and they know labor will throw this at them during the election campaign.

But I'd be willing to bet that even if they miraculously won this election, they'd drag their feet and we'd be seeing the following election with very little changes to finance sector legislation.

Aussie wrote on Feb 4^th, 2019 at 6:46pm:

I guess you will find out when and if anyone is actually charged, Bobby.

some history:

https://en.wikipedia.org/wiki/Royal_Commission_into_the_Building_and_Construction_Industry

Royal Commission into the Building and Construction Industry

Prosecutions
Nil.

philperth2010 wrote on Feb 4^th, 2019 at 6:27pm:

I believe the Coalition will accept most of the recommendations of the RC Red....They know Bill Shorten and the Greens will, so Scott Morrison cannot afford to be wedged even further on the issue....Could he??? :-? :-? :-?

The corrupt scumbag coalition have already showed their intentions.......we will act on, not implement, the recommendations. In other words,we will not upset our donors. This pack of ars...oles has to go.

Bobby. wrote on Feb 4^th, 2019 at 8:23pm:

Aussie wrote on Feb 4th, 2019 at 6:46pm: I guess you will find out when and if anyone is actually charged, Bobby.  some history: https://en.wikipedia.org/wiki/Royal_Commission_into_the_Building_and_Construction_Industry Royal Commission into the Building and Construction Industry Prosecutions Nil.

If there was anything to find bobby these bloodhounds would have found it. In this case there are umpteen offences but this pack of scum will not do anything against their major donors. That's life in liberal world, get used to it.

macman wrote on Feb 4^th, 2019 at 9:04pm:

Bobby. wrote on Feb 4th, 2019 at 8:23pm: Aussie wrote on Feb 4th, 2019 at 6:46pm: I guess you will find out when and if anyone is actually charged, Bobby.  some history: https://en.wikipedia.org/wiki/Royal_Commission_into_the_Building_and_Construction_Industry Royal Commission into the Building and Construction Industry Prosecutions Nil. If there was anything to find bobby these bloodhounds would have found it. In this case there are umpteen offences but this pack of scum will not do anything against their major donors. That's life in liberal world, get used to it.

I wanted to see blood - I wanted heads to roll,
and even heads on sticks.

( Not that I'm a violent person. )

.

---

Bobby. wrote on Feb 4^th, 2019 at 6:02pm:

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.

As predicted no one goes to jail :( He probably got a phone call in the middle of the night telling him to drop the names from the report or else ;)

It will be rammed home they libs opposed a banking RC 26 times again and again and again and again and again. So it's fresh in everyone's mind all the way up till the votes roll in

The Liberals voted against the Banking Royal Commission 26 times.                                  

 The Liberals voted against the Banking Royal Commission 26 times.

Talk about "cometh the hour cometh the man"

Royal Commissioner Kenneth Hayne has acted with intelligence, fearlessness and truthfulness

At last someone with genuine  integrity has taken apart an industry that is rotten to its core with corruption

He has laid out a path which the Government be it Liberal or later this year Labor should tread with implementing the critical 76 recommendations ensuing from this Royal Commission

There is a once in a lifetime opportunity to lay the foundations for future generations

All corruption must be swept aside. Perpetrators must be criminally charged

A body to oversee the actions of APRA and ASIC must be formed and it must be given real teeth if those lazy arsed bodies posing as regulators do not do their job  in future

These things must happen and if they don't I fear for the future of this Country

red baron wrote on Feb 5^th, 2019 at 1:25pm:

Talk about "cometh the hour cometh the man" Royal Commissioner Kenneth Hayne has acted with intelligence, fearlessness and truthfulness At last someone with genuine  integrity has taken apart an industry that is rotten to its core with corruption He has laid out a path which the Government be it Liberal or later this year Labor should tread with implementing the critical 76 recommendations ensuing from this Royal Commission There is a once in a lifetime opportunity to lay the foundations for future generations All corruption must be swept aside. Perpetrators must be criminally charged A body to oversee the actions of APRA and ASIC must be formed and it must be given real teeth if those lazy arsed bodies posing as regulators do not do their job  in future These things must happen and if they don't I fear for the future of this Country

Ignoring all your usual jargon, I do agree that Hayne has done his job perfectly and delivered an entirely appropriate Report.

People have a totally misguided understanding of what a Royal Commission is.  Basically, all it can do is investigate, ask questions in an inquisitorial fashion, (there is no Trial) and produce a Report with recommendations.

Some parts of the schmedia are attempting to smear the Report and Hayne because he did not give them names so they could spend the next several weeks if not months rubbishing and witch hunting some hapless arsehole who was never on Trial or allowed to defend himself in the normal fashion.  There is no right to silence etc in a RC.  No right to call one's own witnesses.

A Royal Commission's function is merely administrative and definitely not judicial.

Hayne has given due recognition to that and has rightly denied the arsehole schmedia its cheap shot fun in the Sun.

Well done him.

If a regulatory authority to whom Hayne has made recommendations can find evidence of a criminal offence, it is their function, not Hayne's, to name the individuals by having them charged and processed through the criminal justice process.

It is the Government's function to ensure those authorities are motivated and properly resourced to do the job expected of them.

I could call your delivery flat and boring Aussie..however we appear to agree on the essence of this one

Aussie wrote on Feb 5^th, 2019 at 1:59pm:

Ignoring all your usual jargon, I do agree that Hayne has done his job perfectly and delivered an entirely appropriate Report. People have a totally misguided understanding of what a Royal Commission is.  Basically, all it can do is investigate, ask questions in an inquisitorial fashion, (there is no Trial) and produce a Report with recommendations. Some parts of the schmedia are attempting to smear the Report and Hayne because he did not give them names so they could spend the next several weeks if not months rubbishing and witch hunting some hapless arsehole who was never on Trial or allowed to defend himself in the normal fashion.  There is no right to silence etc in a RC.  No right to call one's own witnesses. A Royal Commission's function is merely administrative and definitely not judicial. Hayne has given due recognition to that and has rightly denied the arsehole schmedia its cheap shot fun in the Sun. Well done him. If a regulatory authority to whom Hayne has made recommendations can find evidence of a criminal offence, it is their function, not Hayne's, to name the individuals by having them charged and processed through the criminal justice process. It is the Government's function to ensure those authorities are motivated and properly resourced to do the job expected of them.

That's rubbish,
It's the job of the Royal commission to find out who the criminals were - name them -
and to recommend that they be charged.

Bobby. wrote on Feb 5^th, 2019 at 5:41pm:

Aussie wrote on Feb 5th, 2019 at 1:59pm: Ignoring all your usual jargon, I do agree that Hayne has done his job perfectly and delivered an entirely appropriate Report. People have a totally misguided understanding of what a Royal Commission is.  Basically, all it can do is investigate, ask questions in an inquisitorial fashion, (there is no Trial) and produce a Report with recommendations. Some parts of the schmedia are attempting to smear the Report and Hayne because he did not give them names so they could spend the next several weeks if not months rubbishing and witch hunting some hapless arsehole who was never on Trial or allowed to defend himself in the normal fashion.  There is no right to silence etc in a RC.  No right to call one's own witnesses. A Royal Commission's function is merely administrative and definitely not judicial. Hayne has given due recognition to that and has rightly denied the arsehole schmedia its cheap shot fun in the Sun. Well done him. If a regulatory authority to whom Hayne has made recommendations can find evidence of a criminal offence, it is their function, not Hayne's, to name the individuals by having them charged and processed through the criminal justice process. It is the Government's function to ensure those authorities are motivated and properly resourced to do the job expected of them. That's rubbish, It's the job of the Royal commission to find out who the criminals were - name them - and to recommend that they be charged.

Have a read, Bobby, and then give yourself an uppercut.

Link.

Aussie wrote on Feb 5^th, 2019 at 5:52pm:

Have a read, Bobby, and then give yourself an uppercut. Link.

I had a read -
you can't inquire unless you know who did what.
That means names!

Bobby. wrote on Feb 5^th, 2019 at 6:03pm:

Aussie wrote on Feb 5th, 2019 at 5:52pm: Have a read, Bobby, and then give yourself an uppercut. Link. I had a read - you can't inquire unless you know who did what. That means names!

Names may have been included in confidential parts of the Report not made public, Bobby.  It is not the job of Hayne to name any bastard.  Read the Terms of Reference.

You'll just have to wait until someone is actually charged as part of the judicial process.

Aussie wrote on Feb 5^th, 2019 at 6:07pm:

Bobby. wrote on Feb 5th, 2019 at 6:03pm: Aussie wrote on Feb 5th, 2019 at 5:52pm: Have a read, Bobby, and then give yourself an uppercut. Link. I had a read - you can't inquire unless you know who did what. That means names! Names may have been included in confidential parts of the Report not made public, Bobby.  It is not the job of Hayne to name any bastard.  Read the Terms of Reference. You'll just have to wait until someone is actually charged as part of the judicial process.

"confidential parts of the Report not made public"


first I heard of that.

I thought we could see the lot?

link?

Vic wrote on Feb 5^th, 2019 at 9:21am:

.

Nailed it

Bobby. wrote on Feb 5^th, 2019 at 6:10pm:

Aussie wrote on Feb 5th, 2019 at 6:07pm: Bobby. wrote on Feb 5th, 2019 at 6:03pm: Aussie wrote on Feb 5th, 2019 at 5:52pm: Have a read, Bobby, and then give yourself an uppercut. Link. I had a read - you can't inquire unless you know who did what. That means names! Names may have been included in confidential parts of the Report not made public, Bobby.  It is not the job of Hayne to name any bastard.  Read the Terms of Reference. You'll just have to wait until someone is actually charged as part of the judicial process. "confidential parts of the Report not made public" first I heard of that. I thought we could see the lot? link?

As usual you have no idea.  There have been confidential Volumes in the past and I have no doubt there will be confidential Volumes (or maybe just one) from Hayne.  Gee, you are such a naive dummy Bobby.

Aussie wrote on Feb 5^th, 2019 at 6:48pm:

Bobby. wrote on Feb 5th, 2019 at 6:10pm: Aussie wrote on Feb 5th, 2019 at 6:07pm: Bobby. wrote on Feb 5th, 2019 at 6:03pm: Aussie wrote on Feb 5th, 2019 at 5:52pm: Have a read, Bobby, and then give yourself an uppercut. Link. I had a read - you can't inquire unless you know who did what. That means names! Names may have been included in confidential parts of the Report not made public, Bobby.  It is not the job of Hayne to name any bastard.  Read the Terms of Reference. You'll just have to wait until someone is actually charged as part of the judicial process. "confidential parts of the Report not made public" first I heard of that. I thought we could see the lot? link? As usual you have no idea.  There have been confidential Volumes in the past and I have no doubt there will be confidential Volumes (or maybe just one) from Hayne.  Gee, you are such a naive dummy Bobby.

Yet you have no link to prove what you're saying.
I just have to take you at face value.
You're well known for stretching the truth.

I am well known for never stretching the truth.  I have no need to bullshit to make my case. 

Google....'Royal Commission confidential Report.'  Then come back here and apologise.

Aussie wrote on Feb 5^th, 2019 at 7:10pm:

I am well known for never stretching the truth.  I have no need to bullshit to make my case.  Google....'Royal Commission confidential Report.'  Then come back here and apologise.

Aussie,
I did a Google search and there is nothing to back up what you're saying.

Now - apologise to me.

Read ALL of this Bobby.

Link.

ALL of it.

And this Bobby....

Link.

Read it all Bobby, and you will find this:


Quote:

Royal commission conclusions and recommendations 2.35 Cole reported to the Governor-General on his findings on 23 February 2003. The report comprises 23 volumes, the final volume of which Commissioner Cole recommended be confidential because it included information arising from the inquiry which might be used in the prosecution of people implicated in criminal activities.

Now.....your apology?

Aussie wrote on Feb 5^th, 2019 at 7:55pm:

And this Bobby.... Link. Read it all Bobby, and you will find this: Quote: Royal commission conclusions and recommendations 2.35 Cole reported to the Governor-General on his findings on 23 February 2003. The report comprises 23 volumes, the final volume of which Commissioner Cole recommended be confidential because it included information arising from the inquiry which might be used in the prosecution of people implicated in criminal activities. Now.....your apology?

That's an old one from 2003 - over 15 years ago -
it doesn't apply to the latest commission.



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!

Quote:

That's an old one from 2003 - over 15 years ago - it doesn't apply to the latest commission.

Of course it does.  These Royal Commissioners can do whatever they like within their Terms of Reference.  After that......

There are no Rules.  They are Inquisitions.