The regulators failed bank customers but they are now being trusted to fix this mess

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The regulators failed bank customers but they are now being trusted to fix this mess, writes adele_ferguson

 

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adele_ferguson In breaking news PM Morrison announced Dracula to be put in charge of running Blood Bank.

adele_ferguson Spot on Adele!

adele_ferguson People become regulators as a stepping stone to becoming high paid bankers. They aren’t going to ruin their personal advancement by busting their potential future employer. Hayne did well.

adele_ferguson Out of all this, all I’m hearing is that Mortgage Brokers need to make changes. Doesn’t make sense.

latingle adele_ferguson

adele_ferguson As Bill Shorten said they voted 26 times not to have a RC now we let them fix it? Imagine if they kept voting against a RC!

adele_ferguson Little will change, but at least they held an inquiry and some folks made lots of money from taxpayer funds.

adele_ferguson Donors and their lobbyists.

adele_ferguson DeepStateCorruption?

adele_ferguson NOTHING IS GOING TO CHANGE...GOLDMAN SACHS CONTROLS THE BANKS. CONTROLS THE WORLD....THIS IS THE DOING OF THE US.

adele_ferguson Does that mean my fees will be refunded back to me after been charged 2 in one week for the last 52 weeks?

adele_ferguson He done a fantastic job on the Royal Commission and he is a brave man ,also credit should go to the man who brought this all about Jeff Morris he lost his job and was ridiculed he deserves to be Australian of the Year, they could share the title.

SaintFrankly adele_ferguson JarrydHayne always dreamed of conducting a banking royal commission. auspol

adele_ferguson What could go wrong

latingle adele_ferguson The so called regulator's fell down on the job badly why should people have any faith in them now.

adele_ferguson Well, it’s Australia. It’s not what you know but who you know.

adele_ferguson I can't believe anyone will accept this smokescreen as a solution.

latingle adele_ferguson Well at least the question “but who regulates the regulators?” has been answered by a new piece of creative bureaucracy. Wow!

adele_ferguson Crazy, let’s also get the criminals to fix the prison system.

adele_ferguson TonyAbbottMHR cut funding to ASIC and ATO, just to name a couple of things he wrecked while PM. VoteThemOut

adele_ferguson Labor needs to clearly state how they intend to reshape or replace these two regulators. Maybe ths same legislation applied by the Liberals to the building industry is a start. Lets reformat that regulator into a national corporste, business and union regulator.

adele_ferguson Regulators are a day late and a dollar short. They have let 25mil Australians down.

latingle adele_ferguson Credit Unions. No mention of this alternative anywhere! There appears to be a code of silence about credit unions. The perfect alternative to banks. Owned by members & the same services with the same or better rates etc. Sydney Credit Union has been fantastic for me since 1999.

adele_ferguson

adele_ferguson The regulators, under succusseive LNP Slash and burn of our regulatory entities and stacking the execs with partisans has failed the customers. We need to give ASIC and Co the Authority to act and prosecute as needed.

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