Scott Morrison warns against rash response to banking royal commission

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PM ScottMorrisonMP says the Australian economy faces 'significant consequences' if the banking royal commission triggers a credit crunch

Source: Financial Digest (financialdigest.net)

 

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ScottMorrisonMP So this arseole would prefer the banks to continue on their merry way of ripping consumers off?

ScottMorrisonMP You fought against the commission and now you don't accept the findings or recommendations. Surprise surprise.

ScottMorrisonMP If the economy is that week that it can be put into a freefall then it goes to show the problems have already occurred. The problem is the house of cards, not the breath of wind that knocked it over

ScottMorrisonMP Forget about warning and start putting a stop to your cheating mates...

ScottMorrisonMP Mr PM Scoot,keep on tell them that,keep on tell them that you supporting them when they been accused of lawless,because they do not need as they have al ready far too much money for them to have a good life,Like you mates bosses do to they workers get rid of Union or we close up

ScottMorrisonMP Well the banks should pay for it. Its not the RC’s fault, but the banks for defrauding in the first place. Stop protecting the bad guys.

ScottMorrisonMP he was protecting d banks so he was against royal banking comm Now we know the shenanigans of d banks n super funds They r ripping us off We know they r your mates n donors to LNP

ScottMorrisonMP The Royal Commission triggers? Its the banks that did it and for years AND *you* never did anything about it until it basically exploded! Your cowardice to your banking mates!

ScottMorrisonMP Yup. Let the debt fueled growth continue huh 🙄

ScottMorrisonMP Vested interests perhaps such as those who (in conjunction with the party) did their best to avoid this explosive Royal Commission.

ScottMorrisonMP We all know the banks will tighten up bank loans for homes but open the credit card loans because it has a higher return with less risk to the bank the royal commission has also stopped people shopping around for a better deal it has given the banks the green light to screw you

ScottMorrisonMP Is it in the bible that allegory about building your house on shifting sand?

ScottMorrisonMP Without stricter lending practices we would of been heading the same as the sub prime in the US! Disaster! Outlandish lending had gone on too long! As was disgraceful bank practices!

ScottMorrisonMP If you can’t handle the heat Scomo an Uber will get you to Government House!

ScottMorrisonMP Backing his banking mates again. Call an election you fraud

ScottMorrisonMP Why is that the banking royal commission will cause a financial meltdown? Is it not the banks actions that will cause the perceived financial catastrophe?

ScottMorrisonMP Well guess we know how ScoMo is going to handle the Commissioners report and why he needs 4 days to read through it. Can hear the “only the LNP” can get us through this already.

ScottMorrisonMP Amm...YOU caused a credit crunch. People could not afford to buy houses because their pay is increase vs inflation is non existant & investors were buying properties pushing prices up...so the banks were ordered to tighten lending...which made it harder 4 average joe to borrow

ScottMorrisonMP So new scare campaign is recession talk, they must be desperate

ScottMorrisonMP Oh well, its very important politicians seek to interfere in free market enterprise and I'm sure the banks will take heed of political jaw-boning............wow.

ScottMorrisonMP What about the consequences of banks continuing with their unconscionable behaviour, people matter scottmorrison, and it's about bloody time that you and your mob realised that 🖕

ScottMorrisonMP So the banks should keep charging the dead..it’s good for the economy....makes sense!

ScottMorrisonMP So the best thing is that the banks keeping on ripping of the average Joe so they can maintain their massive profits and the CEO’s get their massive salary and bonuses. No problem!

ScottMorrisonMP Given we’re in election mode the response needs to be bipartisan and implemented by the new government. That won’t be this Prime Muppet and Tonto JoshFrydenberg !

ScottMorrisonMP He's sticking up for his mates. So that's a good thing I guess

ScottMorrisonMP So ScoMo thinks we should let the banks continue with their corrupt ways?

ScottMorrisonMP So now I have less super, at 62 it is doubtful I will be able to get a mortgage possibly any finance at all. And apparently there will be no criminal charges layed, just name & shame & It cost tax payers $50 million. Could someone remind me why we had to have this RC.

ScottMorrisonMP You didn’t want the Commission in the first place and so your not wanting to implement the findings isn’t a surprise. Looking after the top end of town again Scott? Watch out your bias is showing.

ScottMorrisonMP There are also significant consequences if the Murray/Darling shemozzle isn’t sorted out once and for all.

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