Australian Citizens Party Citizens Taking Responsibility

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Displaying 13 - 18 of 18
Australia’s banking royal commission could be the shot heard round the world in the global battle for nations to take back control of their financial systems from predatory speculators. There are signs the inquiry is starting to cause concern among the elite bankers of the City of London and Wall Street.
Royal Commission, Glass-Steagall, Banking / Finance
Behind their public admissions that it was a mistake to oppose the Financial Services Royal Commission, the banks and their political stooges are already strategising how to ride out the storm. Specifically, how to resist pressure to break up the banks.
Royal Commission, APRA/ASIC/ACCC/AUSTRAC, Glass-Steagall, Banking / Finance
PETITION To the Commonwealth Parliament: Pass Australian Glass-Steagall Bill to break up the banks
Glass-Steagall, Royal Commission, Banking / Finance
The Financial Services Royal Commission in its first fortnight of hearings in March laid bare the massive mortgage fraud in the major banks, and exposed the banks as criminal enterprises. This week it is holding hearings into the big banks’ financial advice scams, and the “vertical integration” structure that enables the banks to direct depositors into their other businesses to be fleeced.
Royal Commission, Banking / Finance
In its first fortnight of hearings, the Banking Royal Commission drew the nation’s attention to the huge problem of mortgage fraud. The hearings showed that each of the big four banks, which together control 80 per cent of banking in Australia, have engaged in fraud on a massive scale. The fraud is not confined to the margins of the home loan business, but infects the majority of mortgages, which means most borrowers can’t afford their loans.
Royal Commission, Banking / Finance
The terms of reference that Malcolm Turnbull gave to the Banking Royal Commission only allow it to examine specific failings of regulators in relation to banking misconduct. It is not allowed to examine “macro-prudential policy”, which is the regulatory structure of the financial system, and the policies of the Australian Prudential Regulation Authority (APRA), the bank regulator.
APRA/ASIC/ACCC/AUSTRAC, Royal Commission, Bail-in, Banking / Finance