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Bob Katter said only one more vote is needed to see the royal commission proceed
Warren Entsch must have been threatened to change his mind and turn into such a ditherer!
https://www.youtube.com/watch?v=fECuQNizOtw
Strong Support Shown For Banking Royal Commission During Townsville Forum
Bank Reform Now·Tuesday, 23 August 2016
Banks and the conduct of their receivers were in the firing line during a forum supporting a royal commission into banking held at the Townsville Showgrounds on Saturday.
Close to 50 concerned home owners, primary producers and small business owners united with Federal Member for Kennedy Bob Katter, Federal Member for Herbert Cathy O’Toole and One Nation senators Rodney Culleton and Malcolm Roberts for the forum.
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One Nation senator for Western Australia Rodney Culleton said the banks need to be pulled into line, and likened their action to organised crime.
Burdekin-based sugar industry advocate Margaret Menzel said there is no question that a royal commission needs to be held.
“The banks are bringing in receivers and selling up people’s properties at an undervalued price. The conduct is unconscionable, my message to the banks is clean your act up now,” she said.
“Those involved with the Royal Commission need to follow the evidence, and make sure that they can give recommendations that will see the guilty to be appropriately punished.”
Mr Katter said only one more vote is needed to see the royal commission proceed.
“Then we’ll find out if the banks are actually banks or if they’re just puppets for the mortgage owners,” he said.
He said the the “massive irresponsibility” of the banks has led to unachievable loan repayments.
“Australia has the highest housing prices in the world in a country with the cheapest land in the world.
“Have they been responsible? The banks are as powerful as the government, and look how the banks and government have run this country.”
He said if they keep doing what they’re doing the country will go broke.
“Farmers internationally get 41 per cent of their income from the government via protection, whereas Australian farmers get just 5.5pc income protection, which is the lowest in the world.
“We are closing a sugar mill every two years, cattle numbers are down 23pc, we’ve lost 31pc of our dairy industry.
“At the end of next year the last motor vehicle plant in this country will close, at which point 72pc of all manufacturing that occurs in Australia ceases, its gone.
“This is what banks have brought us too, they’ve destroyed every industry in the country.”
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Federal Member for Kennedy Bob Katter said the “massive irresponsibility” of the banks has led to unachievable loan repayments for the average homeowner.
Mr Culleton said the banks need to be pulled into line, and likened their actions to organised crime.
“I’ve had a litany of evidence come into my office of receivers sinking the boot into their customers,” he said.
“That’s what they think about the lamb chop on their plate; enough is enough.
“The banks seem to think they are above the law because they’re unregulated, we’re going to change that.
“We want our banks to love their customers, to respect their customers and give their customers a fair go.”
He said if the banks can’t start being more competitive and customer friendly, he’d support the the creation of a sovereign rural bank to assist farmers.
“We’re here to correct things and we’re in support of a sovereign rural bank where the beneficiaries are the people who bank with it.
“It’s important the public realise if we lose our agriculture and our rural people we will be in strife and we will lose the quality of our food.”
tions to orgMs O’Toole said banking confidence and trust has taken a huge hit after a series of scandals and high profile ripoffs in recent years.
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Close to 50 concerned home owners, primary producers and small business owners assembled at the forum supporting a royal commission into banking held at the Townsville Showgrounds on Saturday.
“We need Australians to believe they can have confidence in the banks and financial institutions that serve us,” she said.
“And we aren’t even measuring the holistic cost to the people effected in our communities.
“The first place you’d want to have a look at the additional costs is in healthcare, peoples physical, mental and emotional health has been destroyed; families have been destroyed and suicides are occurring.
“All these things have a huge impact on the social structure of community in addition to the financial impact.
Ms O’Toole laid out what the issues are that will be examined in the royal commission:
- > Instances of illegal and unethical behaviour within Australia’s financial services industry.
- > How financial services institutions treat their duty of care to their customers.
- > How the culture, ethical standards and business structure of financial services effect the behaviour of these institutions.
- > Whether Australia’s regulators are being equipped to identify illegal and unethical behaviour.
Mr Roberts said Australians are our most important resource.
“We can’t survive without production, it’s that simple,” he said. “We’re a proud country, but people are losing their properties.
“We have the resources, the talent and creativity that is second-to-none which is being squashed, suppressed and choked.”
He said we need to go back to the basics of running the country for the people.
“That means working together, and above all standing up, speaking out and sharing your stories, which means holding politicians accountable.
“This country is the best on the planet, it’s got the best people on the planet, we need to remake it again by bringing back what Australia stands for.”
Source: Matt Sherrington - North Queensland Register
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VIDEO - Hope Smith has uploaded the meeting right HERE -->>> on YouTube
https://www.youtube.com/watch?v=fECuQNizOtw