
Banking Royal Commission's damning report: 'Things are so bad that new laws might not help'
The financial sector was certainly a Service Industry. They were employed "to service" their customers like pediGreed stallions for their shareholders rather than provide "a service" for their clients. When critics start to blame banking customers for their "lack of education" on banking practices in order to deflect blame they are doing little more than slut-shaming the victims of commercial rape. The last time I recall when banks actually provided customers "a service" was when banks were Nationalised, Federal and State-owned and not privatised institutions.
The same could be said of our Utilities energy and education the current services being discussed. Don't ever tell me the Liberal slogan competition provides the best and cheapest outcomes holds true it doesn't and the costs and the results compared globally speak for themselves.
We wouldn't have had a Royal Commission if it weren't for the diligence of the ABC journalists to reveal the reality of banking and embarrass this LNP government into having this Royal Commission they didn't want. Abbott, on the other hand, was straight out of the box to have one into the Unions which if you recall found nothing but simply gave Murdoch media the opportunity to make a great PR deal and of noise about trust over Craig Thompson's $13,000 petty cash issue which fell flat. (ODT)
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