The suffering endured by the elderly tenants scammed by the Sterling First rent-for-life scheme is finally getting political attention, opening up the possibility of a Senate inquiry.
How many politicians will stand by while the Treasurer and corporate regulator deliberately unleash the big banks and all other financial predators onto unsuspecting Australians?
Treasurer Josh Frydenberg’s appointment of former Macquarie Bank CEO Nicholas Moore to oversee Australia’s financial regulators proves that Kenneth Hayne must have been able to see the future.
This week is an opportunity to push the Senate to establish an inquiry that can lay bare the scandalous failings of the corporate regulator, the Australian Securities and Investments Commission (ASIC).
