You can't legislate against greed: Financial analyst warns consumers to be cautious after banking Royal Commission

Yes we can. Absolutely we can remove the conflict of interests produced by the profit motive. It is easy. Put all other rights before the right of ownership. Easy.

you can if you know what money they are stealing and it is easy because the finance doesn’t get given to them

Where there's commission paid is greed. Real estate,vehicles ,insurance etc

If you are poor and defenceless then there is plenty of legislation against greed. Stealing might be one. If you are corporate/rich then there should not be any fetters I assume. Why not say that and be honest?

you can’t legislate for greed but you can jail for crime, the only feedback loop that works

If you can't regulate the mafia, then tax the hell outta of the mafia!!! TaxTheSuperConglomerateOrganisations They have total control over you, pollies, and society

That’s right money makes greed a slap on the wrist won’t change that

Why not? The minimum wage is set by legislation, a maximum wage isn't so ridiculous. The real problem would be keeping the two figures far enough apart to keep one from making the other redundant.

I mean, they could nationalise the banks...

Yes you can. Either a fine so large it's not worth the attempt; or prison time for top brasses. Try that and see how it goes. Putting the onus on consumers is a bit much Aunty.

If you can regulate the mafia, tax the hell outta of the mafia!!! TaxTheSuperConglomerateOrganisations They have total control on you, pollies, and society

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Scott Morrison warns against rash response to banking royal commission'I will be very mindful that I want to see the oil that lubricates our financial system - which is access to credit - continues to flow.' I warn against another grubby cover plan. to justify Governments years of collusion to Protect donors Voice of reason In other words: I will not be doing anything to address the systemic problems in the banking industry because the banks and mining industries are pretty much the only way we can fund the Liberal Party. They own us, so we'll do what we're told.
Source: smh - 🏆 6. / 80 Read more »

Scott Morrison warns against rash response to banking royal commissionPM ScottMorrisonMP says the Australian economy faces 'significant consequences' if the banking royal commission triggers a credit crunch ScottMorrisonMP There are also significant consequences if the Murray/Darling shemozzle isn’t sorted out once and for all. ScottMorrisonMP You didn’t want the Commission in the first place and so your not wanting to implement the findings isn’t a surprise. Looking after the top end of town again Scott? Watch out your bias is showing. ScottMorrisonMP So now I have less super, at 62 it is doubtful I will be able to get a mortgage possibly any finance at all. And apparently there will be no criminal charges layed, just name & shame & It cost tax payers $50 million. Could someone remind me why we had to have this RC.
Source: theage - 🏆 8. / 77 Read more »