Letter Of Demand

The tables have turned. Ex-CEOs to feel the heat

Summary: 

The previous big bank CEOs must deal with a letter of demand very much like the type sent to victims of predatory banking. Let's see them asked to drop in the keys to their homes and have their lifestyles turned upside down. The tables have turned now that the Hayne Banking Royal Commission has blown the lid on just how much crime and corruption exists in the financial system. Up to now senior bankers could run off with the loot regardless of how much damage clients and shareholders were left with. Decisions made by the CEOs decimated clients and cost shareholders millions if not billions of dollars and yet the bonuses and golden handshakes just flowed on regardless. It has been a boys club where insiders took parasitical pleasure from ill-gotten wealth. Actually - it's more like an organised crime ring ... but regardless - those days are over! The people will not tolerate a crooked finance system being protected by paid off politicians any longer.

Article Information
Author: 
Dr P Brandson
Source: 
Bank Reform Now - Legal Department
Date First Published: 
2 May 2018
Posted By
Peter Brandson
Peter Brandson's picture

Top 4 Australian Banks - Under Scrutiny

AU Banks want much more than just the farm!
  - The world knows it, but do the people of Australia know it?
It's time to spread the word.


Flush and Dominant, Australia’s Banks Come Under Pressure

There is "...a growing storm in Australia over the size, power and conduct of the country’s four big banks."

"Long politically protected and immensely profitable, Australia’s big banks are now facing the biggest public outcry in a generation..."

"... Australia stands out. At a time when the world is considering what to do about banks that are too big to fail, Australia offers a glimpse of just how big — and how dominant — they can become."
Quoting From NY Times Article By A. ODYSSEUS PATRICK OCT. 14, 2016

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