Announcement
Collapse
No announcement yet.
Them & Us
Collapse
X
-
Of course the whole business is shot through with hypocrisy. The widespread ownership of shares in the general community has created a conflict of morals in which the punters would like businesses to operate in an ethical manner as long as it doesn't interfere with their demands for increased share-price and bigger dividends. The CEOs, executives and Boards realise that this is the only way they can get their obscene remuneration packages approved and so the end justifies the means. Politicians don't want to interfere with this mechanism as they depend on their political donations and all hope to end up on a Board(s) or in a CEO role when they get tossed out or retire (assuming they haven't managed to wrangle a diplomatic posting). The 'top people' in all fields of endeavour have been playing 'footsie' for as long as there has been governments and business and that's never going to change. The apathy of the population is what allows it to continue.
- Flag
-
With that much money up for grabs you're not seriously suggesting that they stop - just because they've been caught out.Originally posted by EspressoAdventurer View Post1/ Serious ? Truly....
2/ I'm in no doubt they have....Given the $100 Billion + combined NETT profits gouged Annually !
3/ I am also certain too ......in this case the Truth of the matter has finally come out. Given decades of 'Old Boy Network' and Dodgy (Soft) Legislation in cahouts with nil Regulatory Activity.
"FoFA reforms set out to deal with it but that key element was gutted from the legislation finally passed."
Funny coincidence ...hey! So nothing has or will change ....
- Flag
Leave a comment:
-
1/ Serious ? Truly....Originally posted by WarrenK View PostThe Banking Royal Commission is based on the evidence of less than 40 complainants chosen from about 1000 complaints. For whatever reason the banks, except NAB, chose to genuflect and say sorry, *1 the press have had a field day with reporting a one sided case. *2 The banks had the capacity to challenge every claim for as long as they wanted. *3 I am certain something unusual has happened but don't know what yet. Time will tell.
2/ I'm in no doubt they have....Given the $100 Billion + combined NETT profits gouged Annually !
3/ I am also certain too ......in this case the Truth of the matter has finally come out. Given decades of 'Old Boy Network' and Dodgy (Soft) Legislation in cahouts with nil Regulatory Activity.
"FoFA reforms set out to deal with it but that key element was gutted from the legislation finally passed."
Funny coincidence ...hey! So nothing has or will change ....
- Flag
Leave a comment:
-
And the Royal Commission terms and timeframe heavily limited the submissions they were able to receive or were able to consider.
Hayne J correctly identified an inherent corruption within the system, that individual A is paying for a service delivered not to A as A reasonably expects, but to organisation B. There is no escaping that, whatever the other complaints about banks. FoFA reforms set out to deal with it but that key element was gutted from the legislation finally passed.
- Flag
Leave a comment:
-
The Banking Royal Commission is based on the evidence of less than 40 complainants chosen from about 1000 complaints. For whatever reason the banks, except NAB, chose to genuflect and say sorry, the press have had a field day with reporting a one sided case. The banks had the capacity to challenge every claim for as long as they wanted. I am certain something unusual has happened but don't know what yet. Time will tell.Originally posted by noonar View PostBased on the Royal Commission's recent findings be especially vigilant around Banks, Bankers and financial advisors... any time of the day.
- Flag
Leave a comment:
-
This happened in Ballarat?Originally posted by OCD View PostDid an early morning (2:30am) medicine run last night at a 24 hour chemist. No snotty nosed kids coughing all over you at that hour. Getting into the shop itself was like getting into a 1920s speakeasy, complete with door buzzer and security guard. The only thing missing was the sliding peep hole.
As I pulled up for fuel, on the way home, I noticed a dishevelled youngish man sitting on his backpack in the shadows. Sure enough, when I went to pay at the securely locked counter, he made his move and bit me up for $10.
As I drove home I had melodramatic flashbacks of a Vin Diesel movie I'd once seen. A sci-fi about a barren planet that turned deadly when night descended.
Ps maybe not so sci-fi anymore.
- Flag
Leave a comment:
-
I stand corrected.Originally posted by noonar View Posterrrrm...?
"Assault, sexual harassment, ripped off children, homophobic treatment of customers and bankers setting up fake accounts in their customers’ names - this is just a taste of the misconduct laid bare by the nation’s biggest banks in their initial submissions to the royal commission."
https://www.smh.com.au/business/banking-and-finance/revealed-bank-royal-commission-rap-sheets-made-public-20181107-p50elc.html
Ps but not surprised.
- Flag
Leave a comment:
-
errrrm...?
"Assault, sexual harassment, ripped off children, homophobic treatment of customers and bankers setting up fake accounts in their customers’ names - this is just a taste of the misconduct laid bare by the nation’s biggest banks in their initial submissions to the royal commission."
https://www.smh.com.au/business/banking-and-finance/revealed-bank-royal-commission-rap-sheets-made-public-20181107-p50elc.html
- Flag
Leave a comment:
-
As far as I know, the banks, bankers and financial advisers haven't resorted to begging or mugging their unfortunate customers - yet. But don't despair, after the show trial, aka the royal commission, we might still have that (and more) to look forward to.Originally posted by noonar View PostBased on the Royal Commission's recent findings be especially vigilant around Banks, Bankers and financial advisors... any time of the day.
Ps until some of these thieves are jailed, it will be business as usual just as soon as the hoopla dies down.
- Flag
Leave a comment:
-
Based on the Royal Commission's recent findings be especially vigilant around Banks, Bankers and financial advisors... any time of the day.
- Flag
Leave a comment:
-
Rocky,Originally posted by Rocky View PostI knew a guy who was a better man than me. He wouldn't give them money but he would offer to take him somewhere and buy him something to eat (pie, burger. pizza etc.
As with the guy you knew, the beggar and I also had a mutually beneficial interaction. An unspoken agreement, so to speak. I gave him $10 and, in return, he refrained from mugging me. Win, win.
Ps the lesson here is: if you visit a servo or an auto teller late at night, do a slow drive by and listen to your instincts. Doing so might save you more than just $10.
- Flag
Leave a comment:
-
"Pitch Black" - great sci-fi movie.
The "beggar in the shadows" - makes you wonder what his story is. Ultimately it doesn't matter - he is going to use the $10. for whatever and you will donate or not depending on your inclinations.
I knew a guy who was a better man than me. He wouldn't give them money but he would offer to take him somewhere and buy him something to eat (pie, burger. pizza etc)
He wouldn't drive them anywhere but he'd take the time to walk them to a shop to get the feed - although most of the time they didn't want food.
Also would never step over a bloke passed out on the footpath. He'd ask if he was OK and prop him up in a doorway so people didn't have to step over him.
- Flag
Leave a comment:
-
Them & Us
Did an early morning (2:30am) medicine run last night at a 24 hour chemist. No snotty nosed kids coughing all over you at that hour. Getting into the shop itself was like getting into a 1920s speakeasy, complete with door buzzer and security guard. The only thing missing was the sliding peep hole.
As I pulled up for fuel, on the way home, I noticed a dishevelled youngish man sitting on his backpack in the shadows. Sure enough, when I went to pay at the securely locked counter, he made his move and bit me up for $10.
As I drove home I had melodramatic flashbacks of a Vin Diesel movie I'd once seen. A sci-fi about a barren planet that turned deadly when night descended.
Ps maybe not so sci-fi anymore.Last edited by OCD; 19 February 2019, 05:33 PM.Tags: None
- Flag

Leave a comment: