John Howard slams bank inquiry as 'rank socialism
- Nov 23 2017 at 2:17 PM
- Updated Nov 23 2017 at 2:17 PM
- James Eyres
Howard has urged the Nationals to dump their plans for a commission of inquiry into the banks, describing the move as one of "rank socialism".
Former Prime Minister John Howard has urged the Nationals to dump their plans for a commission of inquiry into the banks, describing the move as one of "rank socialism" which will only destabilise the government.
In an interview with Sky News to mark Friday being the 10th anniversary of losing government to Kevin Rudd, Mr Howard said he could understand the Nationals were upset about the outcome of the same-sex marriage vote but that was no reason to take it out on the banks.
"I would be staggered if the Coalition proposes a bank royal commission, that is rank socialism," he said.
"Our banks demonstrated in 2009 that they were amongst the best run, the most prudentially supervised and the most well capitalised in the world."
The Howard Propaganda machine is in Overdrive!!! No one trusts "Honest John"