Yes, we are subject to a lot of regurgitated BS, propaganda and fake news with regard to our banks. Ours in name only but not in substance. I'm informed that foreign hedge funds have major positions inside our banks. Where their combined if entirely opaque influence gives then operational if covert control. Moreover, any tax relief will without question benefit foreign shareholders and few if any Australians, our representatives allegedly serve. And very reluctantly if at all, when left with no other option? For mine, we need the principal offenders to do jail time for criminal abuse of a once trusted system and one of just two pillars of our western style economy! Then there's a need for genuinely punitive fines for the exposed criminality. An entirely independent banking ombudsman with the inherent power of a royal commission with the power to compel sworn testimony. Our finance system must serve us, rather than powerful vested foreign interests that have effectively white-anted one of just two pillars, i.e. capital that supports our western style economy. The other being similarly price gouged, foreign controlled, energy. Alan B.

Banks are not alone in the rape of truth: Having us believe in the fairness and encompassing power of Democracy to protect us from vested interests, intent on plunder for money, and an investment in the hope of the pirate, nothing changes to interfere in the progress of evil lawlessness of wealth creation.

The housing market manipulation by banks and their best buddies in politics, should feature as an adjunct to this enquiry.

My bet... nothing changes.

Kevin Rudd taking on vested interest, you've got to be kidding John. He was the greatest vested interest ever in our parliament. Hell he even exceeds Turnbull's banking interest.

HasBeen, I was not joking, I was referring to the history of Rudd's resources super profits tax, and about the mining industry advertising campaign that led directly to his replacement by Julia Gillard.

https://www.smh.com.au/business/a-snip-at-22m-to-get-rid-of-pm-20110201-1acgj.html

He took on vested interests, and promptly lost his job.

But, then again, it may have been a mere coincidence.