The Royal Commission has uncovered many crimes by the banks and other financial institutions in just a couple of weeks but the key to getting long-lasting change is getting at the core problem and that is the politicians who are continually lying about what they knew and when. How can everyone else in country know for the past 10 years or more that the banks have major problems with corruption but the politicians didn’t?
Some recent media focus has been on the fact that the Royal Commission should have been held earlier and that is right, but the media need to go beyond the failings of the Liberal Party and have a good look at the Labor Party as well. The problems of widespread criminal conduct and fraud in the banking industry is not new and includes the time when Labor leader Bill Shorten was Minister for Financial Services and Superannuation from 14.9.10 to 1.7.13.
It must be remembered that the infamous Storm Financial collapse happened in January 2009 “with the loss of almost $3 billion in investor funds, leaving many among its 3000 former investors destitute.“ (Click here to read more)
And in March this year it was reported that the 2 directors responsible for leaving 3000 people “destitute” are facing pathetic fines after ASIC refused to file criminal charges against them.
All should now be afraid that the Commission will do its duty and recommend where charges should be laid or where further investigations are warranted.To read the full story please click the below linkThis article was first published by https://kangaroocourtofaustralia.com/