Sir lastnail wrote on Apr 21
st, 2018 at 6:25pm:
Did anyone read the piece in The Australian today about Howard's comments on the Banking RC ?
It appears that Johnny Howard wants to wait a year before he makes his conclusion regarding the Banking sector even though there already has been a major fallout before the RC has really begun.
These libbos just don't get it. No battler on struggle street wants or likes to have their hard earned money ripped off them by white collar criminals. Somehow the brain dead libbos think that because a bank has done it then somehow that makes it ok

When is it going to sink in to these numbnuts ?
This is what he actually said:
“I don’t for a moment condone any deceptive behaviour of either customers or of the regulatory authorities by any financial institution but I don’t want to pass judgment just on the basis of the evidence given over past few days,” he told The Australian.
I think it’s very, very important — in the wake of what has been widely publicised misbehaviour and sensational headlines — that we wait and not engage in knee-jerk reactions,
“The great bulk of financial advisers and I’m sure bulk of employees at these institutions, AMP, the banks, have behaved in an ethical, honourable fashion.
“A whole group of men and women who’ve worked very hard … some of them have got bonuses and earned every penny of those bonuses.
Mr Howard, who was also treasurer in the earlier Fraser government until 1983, said the government had no place limiting the structure of incentives legitimate businesses offered staff.
“I never liked to take away incentives; I think people should always be attracted by incentives. The question of whether they abuse their position to take advantage of the incentive is a test of their character. It should attract penalties when they do,” he said.
Bonuses linked to sales and profits, common in the financial services industry, have been criticised for encouraging poor conduct. Mr Howard said the banks were “very powerful” but the financial system was far more competitive than in the past.
“We’ve also got to remember we’re seeing some of the bad side of the whole financial apparatuses at the moment, but just remember when the financial crisis hit in 2008, our banks proved extremely stable,” he added.
You progs love nothing more than to lie and distort and turn such a sratement into 'somehow makes it ok'.