Richard Denniss - It Is Greed That Has Led Australian Banks To Pocket From Dead People

Politicians should move every bit focused on depository fiscal establishment malfeasance every bit they are on welfare overpayments in addition to strawberry sabotage

In handing downwardly his interim study concluding calendar week at the fiscal services imperial commission, the Honourable Kenneth Hayne was damning inwards his criticism of the behavior of Australian bankers. It wasn’t a lack of laws, guidelines or codes of deport that led to the richest banks stealing from the poorest Australians, the commissioner argued, it was only greed

The neoliberal persuasion that “free markets” would deliver to a greater extent than for private consumers in addition to the economic scheme than “red record in addition to regulation” was popularised yesteryear films similar Wall Street, in addition to embraced wholeheartedly yesteryear proponents every bit various every bit Paul Keating in addition to the Institute of Public Affairs. But the Financial Services Royal Commission has provided clear proof of what the sceptics accept been argument for decades: Greed isn’t proficient for anyone – except the greedy.

The Guardian

Richard Denniss - It is greed that has led Australian banks to pocket from dead people