Dr Evan Jones summarises the issues confronting the Hayne Royal Commission, which he has been investigating for over 30 years.
[Read Part One: The Clayton’s Banking Royal Commission]
OVER THE LAST 30 YEARS (since comprehensive financial deregulation), the scale of public exchange regarding complaints about banks, bank opposition to reform, and the combination of official formal concern with substantive inaction has been massive.
Selective memory filters the past so that our brains dont explode and we can function in the present. But this filter has worked to the advantage of the banking sector and its collaborators (including in the regulatory agencies and in politics). The banks lobby and stonewall, wear everybody out, the m…
Read the full article at: https://independentaustralia.net/business/business-display/the-claytons-banking-royal-commission-part-2-more-of-the-same-over-30-years,11054