The Member for Kennedy Bob Katter has warned Parliament that unless Christine Holgate is reinstated as CEO of Australia Post, the politicians would be setting themselves against the 3,000 small businesses who run licensed post offices (LPOs).
For more than a decade numerous organisations and experts have called for an Australian public post office bank to provide a secure alternative to the private banking system.
The political assassination of Australia Post CEO Christine Holgate was over four Cartier watches purchased two years ago in October 2018. Labor Senator Kimberley Kitching ambushed Christine Holgate and her executive team over the watches, and the banking deal for which they were rewarded, three weeks ago in a 22 October 2020 Senate Estimates hearing.
Prime Minister Scott Morrison and Treasurer Josh Frydenberg have had a panic attack over the collapse of credit growth in the Australian economy. Their solution however, to lower bank lending standards to encourage banks to make more loans, will be a disaster, and knowingly so as the disasters that led to the banking royal commission proved.
Forced to propose election policies that will address the growing economic crisis, New Zealand’s conservative political party, the National Party, has announced a plan for a national infrastructure bank. This follows the US Democratic Party also including a national infrastructure bank in its policy platform for the current presidential election campaign.
