Hon Bill Shorten MP

Ministerial appointments

Assistant Treasurer from 14.9.10 to 14.12.11.

Minister for Financial Services and Superannuation from 14.9.10 to 1.7.13.

https://www.aph.gov.au/Senators_and_Members/Parliamentarian?MPID=00ATG

I assume that the banks and other financial institutions were carrying on like greedy corporations before 2017- 2018 so why wasn't Bill on top of his portfolio? Wake up Bill.

salad in wrote on Apr 23^rd, 2018 at 10:29am:


You need to do better than that.

Aussie wrote on Apr 23^rd, 2018 at 10:32am:



How about -
"We’ve heard evidence of appalling behaviour by Australia’s major banks and financial planners from the past decade, including alleged bribery, forged documents, repeated failure to verify customers’ living expenses before lending them money, and misselling insurance to people who can’t afford it."

https://www.theguardian.com/australia-news/2018/apr/20/banking-royal-commission-...

That good enough for you? Decade? 2008-2017? Labor Government 2007. Are they saying it started on Labor's watch?

Oh Gosh HillBilly's skeletons in the cupboard are rattling as someone else reveals that the Banks were carrying on during the Labor Greenies six sick years of Socialist waste and disgrace and shame.

And the union controlled Labor madness continues.  Even the video doesn't work.


My God can things get any worse for Labor and me ? I want to retire on a PM pension just like Gillard and Krudd.




Banning gay conversion therapy an ALP priority: Shadow Health Minister
1min



Stamping out gay conversion therapy across Australia would be a 'personal priority' for shadow health minister Catherine King if Labor wins the next election.

Ms King has urged the rest of the country to follow Victoria's lead and ban the 'discredited and dangerous' practice.

'If this issue isn't resolved before the next election, and I'm lucky enough to serve as health minister afterwards, it'll be a personal priority for me,' she told The Age on Saturday.

https://www.skynews.com.au/details/_5774394322001

yes...

why didn't Bullshitten have a bank enquiry when he was finance minister... 

Took it to election , lost election , and still passed it from opposition , those grapes must be extra sour rtards 

lee wrote on Apr 23^rd, 2018 at 10:53am:


Here ya go Lee.  Is this a good enough excuse?

"When I say they were known to Government, they were known to Government agencies. There is a difference between individual ministers being aware of particular things and the regulatory agencies being aware of them."

Aussie wrote on Apr 23^rd, 2018 at 12:48pm:



Should it be? Bill doesn't even admit that the Government Agencies under his tenure as Minister knew.

Aussie wrote on Apr 23^rd, 2018 at 3:48pm:



So Bill hasn't said he knew nothing about it at the time or did know?

Well perhaps he really was asleep.

"Amongst the éminences grises deserving exposure, none is more significant than David Murray, CEO of the CBA 1992-2005. Murray, with the CBA’s chief counsel Les Taylor, presided over the forging of the privatised CBA’s corrupted culture. The Abbott Government appointed this man in December 2013 to head the Financial System Inquiry, yet Murray, rather than being a central figure in forging “reform”, is utterly representative of the problem.

This manufactured historical myopia ensured that the ongoing banking crises and the escalation and entrenchment of corruption were foreordained — as I laid out in an article in an Canberra Times. To those not bound by this absurd diktat, the current fiasco in Australia’s financial sector was entirely foreseeable.

But it’s no wonder that the current political class is so cowed. The environment is straight-jacketed by comprehensive ignorance, ideological prejudice and cowardice. Not to mention payola.

It doesn’t help that the banks contribute to political party coffers, especially to the Liberal Party, with the Libs also enjoying closer personnel linkages — Arthur Sinodinos as an exemplar. But Labor’s Achilles heel is its fearful refusal to reappraise Labor’s dominant contribution to financial deregulation, and thus question the untouchable era of the gods Keating and Hawke.

Even while Labor was furthering the deregulation of the financial sector in the mid-1980s, the banking sector’s dysfunctionality was in evidence. This malady was most striking in the banks’ rush into (so-called) “foreign currency loans” (FCLs), in which million dollar plus loans were formally denominated in Swiss francs, U.S. dollars or Japanese Yen.

The formal attraction to borrowers was the significantly lower interest rates. FCLs were “sold” to borrowers who were generally misled as to the complex nature of the beast, with the banks meanwhile ripping off the typically naïve borrowers with under-the-table fees associated with currency conversion."

https://independentaustralia.net/politics/politics-display/self-regulating-banks...

So how far back?

....and where is any reference to anything related to what Shorten knew at the relevant time?

Is this a good enough excuse Lee?

Quote:


Answer that responsively.

Vic wrote on Apr 23^rd, 2018 at 4:58pm:



But isn't it  a Labor boast they got more legislation passed by using the cross-benches? Sounds like wanting your cake and eating it too.

Vic wrote on Apr 23^rd, 2018 at 5:51pm:



True. But you would think that the Greens would have pushed for it. I can't even see a proposal for legislation in the putsch.

Vic wrote on Apr 23^rd, 2018 at 5:51pm:



Well that's Labor for you.

That good enough for you? Decade? 2008-2017? Labor Government 2007. Are they saying it started on Labor's watch?

Indeed it was actually labors non action that encouraged further bad behaviour.
Once again the Libs have to fix things up after Labor mismanagement

Not really, but it will do.  It is a cop out excuse, and the person who said that was Morrison.

I still have not seen any cogent evidence (that Poll was not relevant) which suggests Shorten ought to have been alerted to this outrageous behaviour when he was the relevant Minister.  I reckon that is a very dry well, and you are desperate to find some way to remove current responsibility, and for many years, from the LNP.

Aussie wrote on Apr 23^rd, 2018 at 6:29pm:


yep. I saw that and it applies to Labor as well. Politicians. You just can't trust them.

Politics - noun. Poli -many Ticks - blood sucking parasites.

Aussie wrote on Apr 23^rd, 2018 at 6:29pm:



Ok. So you don't think in his plethora of office staff he tasks someone to review the papers each day. Especially polls which could impact the portfolio.

I guess that makes you very naive, at the very least.

Aussie wrote on Apr 23^rd, 2018 at 6:29pm:



Nope. Current responsibility resides with both sides of Politics.

Did you notice one of my first responses went back to the 1980's.

lee wrote on Apr 23^rd, 2018 at 4:05pm:


It goes waaaay back.

Lee......Sure, the Poll was there.  Gee..it asked people if they reckon Bank fees were too high.  Amazing they said, yes.

"Are you paying too much in Bank fees?"

Who is going to answer....'No.' 

*

Bill Shorten asleep at the wheel

Bill isn't at the wheel.

lee wrote on Apr 23^rd, 2018 at 7:36pm:


Maybe because 2013 wasn't the last election ?

Aussie wrote on Apr 23^rd, 2018 at 7:50pm:



Poor little Aussie clinging grimly to his fantasy. Doesn't realise -

Fixing bank fees wouldn't CONTROL the banks.
Fixed salaries for Bank CEO's wouldn't CONTROL the banks.
Pegging interest rates wouldn't Control the banks.

What other questions were asked? I am not sure that those simple ones were the only ones. Only reporting those with a large measure of support.

I can't find the actual questions asked but I did find this -

"Yet, we also see enormous levels of support for bank regulation of various forms – from interest rates to salary caps to fee regulation, while even supporting a super profits tax on our banking sector. "

https://blogs.crikey.com.au/pollytics/2012/06/11/what-australians-believe/

As I said I remain unconvinced those simple questions were all that were asked.

Even if Labor had started a banking RC they would have stuffed it up as the unions would be up to their armpits in it trying to get money from the banks.

Labor had their hands full with a collapsing economy and an abortive collapsing NeverBuiltNetwork that they could not afford.

Polly Waffle what is a rtard ? Are you one of those ? What is your next abortive idea after your humiliating embarrassment with your 30th drubbing ?

Dnarever wrote on Apr 23^rd, 2018 at 8:04pm:



Got a reference for that. I can't find one.

Aussie wrote on Apr 23^rd, 2018 at 9:03pm:


yes, but it doesn't seem to stop you from believing the siplstic questions were the only ones.

At least I do my own homework. You just rely on humbug.

BTW - I thought the "wink" was a sign of weakness of argument.

So you can't back up your statement.

Aussie wrote on Apr 23^rd, 2018 at 9:24pm:



Then this is you BIG chance to show me up.

Aussie wrote on Apr 23^rd, 2018 at 9:24pm:


No I have admitted I don't know the full details. You are trying to pretend that what was shown was the total questionnaire.

The GFC measure by small business start ups

Aussie wrote on Apr 23^rd, 2018 at 9:38pm:



Of course because you can't do anything for yourself.

Aussies view of the poll.

Aussie wrote on Apr 23^rd, 2018 at 7:01pm:

100% want our unions to have some power , they have no power now and look at the results , disposable income all but dried up , household savings down from 10 % in 2013 to around 2.7 % now .

Let's not forget .4 that point 4 of 1% growth through Xmas period , wallets have absolutely slammed shut

lee wrote on Apr 26^th, 2018 at 4:01pm:


Sane people ?

lee wrote on Apr 26^th, 2018 at 7:35pm:


You do not think that people between 25 and 45 are sane ? You may have a point but I would not go quite that far myself.