Commissioner Kenneth Hayne is due to present his final report into those baarstards that operate legal theft under the guise of being financial institutions aka banks etc etc
Hopefully, it will contain some bloody strong recommendations, and action, to pull the pricks back into line, and more importantly, keep them there.
First and foremost would be the recommendation of criminal charges in the most egregious of cases eg fees from dead people, and fees for no service.
I reckon this is a pretty good article, to start the conversation before Friday:
www.abc.net.au/news/2019-01-29/kenneth-h...ft-big-four/10755698
Every new scandal of the past 20 years — foreign exchange rip-offs, overcharging and fee gouging on everything from credit cards to accounts and advice, rigging markets from currency to interest rates and even gold, predatory lending, unfair foreclosures, hidden commissions on superannuation, financial advisors, mortgage brokers, et al — has thrown up the same excuse.
Just a couple of bad apples.
Rather than an excuse, it's a pretty accurate explanation of exactly what's happened. For a couple of bad apples really can spoil the entire load, as ethylene gas causes apples to ripen and then mould.
That mould quickly spreads to healthy apples in search of food. Before you know it, you have a barrel, rotten to the, um, core. And if the barrels are stored close together, say four or five in row, well, you get the picture.
As the royal commission has shown, the entire financial system has become infected, terrifically illustrated by the procession of perplexed executives leaving the witness box stunned and seemingly incapable of seeing the injustice being held before them.
It was all just standard practice.