red baron wrote on Dec 12
th, 2018 at 2:50pm:
You will note that since the closing of the Banking Royal Commission the Liberal Government has been as silent as the Sphinx about what it is going to do about the Commissioner's report on the state of the Finance Industry, right across the board and without exception - silence
A total indictment of ingrained greed, ripping hapless citizens off at every turn
Yet the Government doesn't want to go near it
That is because its future and past for that matter is inextricably intertwined with the Big End of town
There is no resolution for the Libs they are totally tainted and as corrupt as the corporate thieves
they have been in bed with
The Liberals didn't want this Royal Commission. Everyone else did.
In 2016 when the Coalition government lost control of Parliament due to their laziness and ineptness, the motions that were being voted on were the establishment of a Banking Royal Commission. Labor could only get those numbers because all of the crossbenchers supported it.
The Coalition blocked it over 20 times. They had to be dragged kicking and screaming to do the right thing, then they had the banks draft the terms of reference. Even then, they couldn't keep a lid on the corporate malfeasance that was revealed.
It could have been a lot worse for them. Imagine if the terms of reference had not specifically excluded home loans and mortgages from investigation. The misconduct in those areas would have made the rest pale into insignificance - the dodgy loans, the theft of customer's money, the blatant disregard for Australian consumer law. A real inquiry with nothing off limits would have had the banks over a barrel. Instead, by siding with the crooks, it is the Liberals who would meet with retribution for doing nothing for too long.
At the next election, put the Liberals last. It's where they put you. That would make a good bumper sticker.