While the major banks, regulators and government have done everything in their power to block any moves towards bank separation, they have ignored one important point: separation would be good for the banks as businesses.
In April 2018, Prime Minister Malcolm Turnbull and Opposition Leader Bill Shorten rushed to back the US, British and French airstrikes on Syria for the alleged chemical weapons attack in Douma.
There are numerous reasons Bill Shorten’s Labor failed to convince Australians to elect them to solve their problems, but there is one obvious reason. Inexplicably, Labor let Scott Morrison off the hook on the banks.
There can be no doubt that the Morrison Liberal government and its senator for bankers, Jane Hume, exist to serve the criminal banks and not the Australian people.
