Dale McCahon
November 26 at 2:01pm
Malcolm complains a "full blown Wide terms of reference" Royal Commission will be too expensive and will turn up little. How much are the smoke screen and mirrors bullshit investigations that are leading to no results costing us Malcolm? All these regular Banker quizzing sessions are doing is a giving the Banks the questions that will be asked in a no pressure environment so they can do all the preparation and sort their lies before they are dragged into the big stage in the Royal Commission. The most used piece of equipment in the Banking Industry over the coming months will be the shredding machine. There has been open admission by Banksters that they have operated outside prudent and acceptable Banking guidelines, then they have said sorry (sorry for what) no one says sorry unless they have a guilty conscience for something they know is outside of acceptable.
We teach our children from an early age that if they do something wrong and acknowledge their wrongdoing by saying sorry that there is a consequence to their actions. For every action there is a consequence, if the Banks know they have done wrong they will be and are expecting now they have been caught that there will be appropriate penalties. Just remember the affect that paying back and righting the affected victims to the position they were in prior to meeting their Bank will have little affect on the current economy as Malcolm keeps saying. The money that has already been earned from the asset stripping, exorbitant rates of interest being charged on products that had limited capital outlay for the Banks has all been capitalised and most called in the Banks stand to lose nothing and have already used the returns on these mortgages whilst these battles continue.
It is a win win win win for Banks now it's time these banksters are forced by Government to compensate all their victims and then pay for their crimes with big stints in jail. At the moment Bankers are profiteering from a cleverly designed fraud and the Government is is assisting with the cover up.
Consumers are fighting back and I am a fighter.