Yes, I can see something important emerging from this. I can’t see it being buried, as with the 2008 US financial collapse (where ‘Occupy Wall Street’ was weak and poorly-focused) because Australians are getting to see via the Royal Commission many of the rorts given a wink and a nod by banking supremos, so they may continue to ‘earn’ their obscene bonuses.
I believe this banking RC will pave the way for a class action against the banks with an end result of enabling tens , if not hundreds of thousands of mortgaged stressed borrowers being able to walk away from their mortgages without recourse or penalty.
The gun in the above cartoon will finally be pointed at the bankers heads.
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