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… also require taking on the banks inside Australia, which the leadership of this government is unwilling to do. The drama being played out on the Sterling First issue graphically illustrates the Morrison government’s obsession with covering up for Money Power corruption. As the AAS reported last week, the government did not hand over the Australian Securities and Investments Commission (ASIC) review of Sterling as ordered by the Senate. In ASIC’s hearing at Senate Estimates on 28 October, Labor Senator Deb O’Neill denounced the government’s …

… exposed millions of Australians to predatory banking, ruining countless lives, including those of the victims of the ASIC-approved Ponzi outfit, Sterling First. Delegations of Sterling First victims have caught the attention of politicians in Western Australia, with a number committed to pushing for an inquiry, and even a …

… Citizens Party’s appearance at the 1 December Senate hearing into bank closures in regional Australia was truly historic, in multiple ways. First, the ACP has revived Australia’s fight against the Money Power—the private financier oligarchy that seeks to dictate to nations and people. … Christine Holgate as CEO of Australia Post for opposing privatisation and wanting a postal bank; the failure of the regulator ASIC to police the Sterling First scheme; and ASIC’s failures of investigation and enforcement (ongoing). In September 2022, the ACP organised a forum in Parliament House on a …

… to borrow money from a Big Four bank in 2004. Until then, Wayne had never borrowed from a bank. In 2004, with the support of the government’s First Home Owner Grant, Wayne borrowed $124,000 from the bank through a local broker to buy a $205,000 property. Then his life changed. In 2005, … Wayne eventually received notification the sheriff was coming to evict him. That eviction notice set in train a rollercoaster of events that at first raised and then dashed Wayne’s hopes, but would eventually, after many years, lead him to force the bank to address his case. Frantic at … and advice—including from Denise Brailey of the Banking and Finance Consumers Support Association, who is now fighting for the victims of the Sterling First scandal— and kept hitting the bank with correspondence and Freedom of Information (FOI) requests, from which he tried to chase down …