Australia’s economy hangs on whether the Labor Party and trade unions can take a hard look at themselves and return to their roots as Australia’s greatest champions of a national bank.
While the government feigns concern about the economic impact of the pandemic response, and subjective knock-on effects like mental health, it is sitting on its hands as Australia faces a grave unemployment crisis.
The Senator who gave Australia “bail-in” is now leading the desperate effort in the Morrison government to block the bill that would absolutely ensure deposits can’t be bailed in.
What should have been a simple task of producing an inquiry report asserting the government’s position that Senator Malcolm Roberts’ bail-in amendment bill is unnecessary is suddenly far more complicated.
Following is former APRA Principal Researcher Dr Wilson Sy’s response to Treasury’s and APRA’s submissions to the Senate Economics Legislation Committee’s Inquiry into the
