I am tired of the ‘big end of town’s’ bad behavior and, at times, grossly inflated salaries and perks. Now it’s the Banks turn to be exposed by Royal Commission. I have no doubt that a sorry story for the rest of us will unfold over the year ahead. The eventual punishments no doubt, will primarily be fines that simply come out of the Banks profits.
Maybe it’s time we had a true Federally owned ‘Bank Australis‘ to keep them honest? They have had their chance.
Please, no nonsense any more about their ‘spin’ in saying all of us sharing in bank profits via indirect super or personal shares or whatever.
As was quoted in George Orwell's Animal Farm, “Everyone is equal, just some are more equal than others”!
Perhaps too we should look at us having a genuine share of the pie, via a Federally owned ‘watch keepers stake’ in other major areas too, such as telecommunications, energy, and transport?