The Morrison government is already in damage control over the Hayne Royal Commission’s final report, which they will delay making public until Monday afternoon.
The farce of bail-in is playing out in Australia right now, with the banks complaining to the regulator that they can no longer find suckers to buy the bail-in bonds that are supposed to be their buffer against a crash.
The government should direct the Auditor-General to conduct an independent audit of Australia’s Big Four banks, in light of the collapsing property bubble to which the major banks are massively exposed.
The successful soft-landing of China’s Chang’e-4 lunar spacecraft on the far side of the Moon promises further space development to benefit all nations, just as NASA’s Apollo Program (1963-72) made technological breakthroughs from which all nation
Treasury has now joined the central bank and bank regulator in urging the private banks to reopen the floodgates on mortgage lending to avert a housing bubble crash.
