Its time
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By now you may have heard about the shocking rorts and rip-offs in the banking and financial sector.
On 8 April 2016, we announced Labor’s plan for a Banking Royal Commission.
On that day we said, on behalf of all those Australians who’d been exploited and betrayed, ‘Enough is enough’.
I want to thank you for backing our calls for a Royal Commission, every step of the way.
Thanks to you, the rorts and rip-offs in the banking and financial sector are finally being exposed.
While we were fighting for the Royal Commission, I had the privilege to meet with a lot of brave Australians who’d suffered as a result of a toxic culture in the banks – good people who’d been deceived by bad advice or dudded by dodgy insurance, mortgage-holders who’d lost their home, and retirees who’d lost their savings.
I’m so grateful to all these Australians who shared their stories and I know they were grateful to you for supporting their calls for justice.
I’m proud that we took our plan for a Banking Royal Commission to the election. And, of course, the Liberals furiously opposed it.
Scott Morrison said we were engaging in a ‘populist whinge’, Kelly O’Dwyer said it would be a ‘talkfest’.
In the first debate of the campaign, Turnbull mocked me for ‘treating the banks like criminals’.
After the election, we tried to get a Banking Royal Commission through the parliament – and the Liberals voted against it more than 20 times.
The Liberals tried to protect the banks from a Royal Commission and now you can bet they’re going to try and protect them from the consequences.
When the Liberals pretend to talk tough about the banks, we know that their heart isn’t in it.
We need to expose that they can’t be trusted when it comes to stopping the rorts and rip-offs, can you share this graphic to help spread the word?
Can you believe that after the disgraceful conduct already exposed by the Royal Commission, Turnbull still wants to give the big banks a $9.5 billion tax handout?
$9.5 billion of your money, as a reward for some of the most shocking and shameful breaches of trust Australia has ever seen. A multi-billion dollar bankers’ bonus for bad behaviour.
This is beyond out of touch, it’s just plain wrong.
I’m proud Labor has led the fight on this issue and I can promise you, we’re not done yet.
Thanks for standing with us,
Bill
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