The Banking Royal Commission, something Malcolm Turnbull and other Conservatives said was totally unnecessary is hearing evidence of unconscionable conduct by the banks, and other financial institutions towards their customers. The CBA admitted yesterday it knowingly charged dead people for financial advice. This is just the tip of the iceberg when it comes to the big banks, who think they are above the law, and can do as they please. The maximum penalty for robbing a bank is 14 years jail. What should be the penalty for banks and their employees that steal hundreds of millions from their customers?

I was one of those who did not believe there was a need for a RC into the banks. I was wrong. However, it seems that, so far at least, it is individual crooks who have been up to no good, not the institutions themselves. And, before you start 'managment should have .... yah da da...' try to imagine how difficult it is to keep track of individual, small fry spivs in large organisations.

the funniest thing is that unions are now standing in judge of the banks. What a joke. Also seems every person who has made unwise decisions are blaming banks for their own greed/stupidity.

ttbn, if it was simply a case of the isolated rogue bank employee doing the wrong thing, then I would agree there would be no need for a RC, criminal charges all round and that's how it would be dealt with. That is not the case, this is systemic criminality by the banks to gauge even more profits from their unsuspecting customers, and it will be shown that it was the unspoken instruction of those in charge that subservient employees do so, by whatever means at hand.

We also have the government handing out millions of taxpayer dollars in the form of tax cut to their mates, including these profiteering banks

Money Bags Malcolm doesn't know which way to turn. After costing ordinary Australians millions of dollars, the Mum and Dad investors the Coalition are fond of referring to, by delaying the Banking RC for 18 months, Turnbull is still sucking up to his banking mates from the big end of town. Having fessed up with a bit of a grovel about being not quite right on this, Turnbull is still trying to win some costly sweetbers for the banks, in the form of tax cuts for the big four. Not content with that, Turnbull has been banging on about Labor and the Greens waging "a war on business". The voters will remember this Coalition debacle at the next election. Bend over Malcolm and you can kiss your political, you know what, goodbye.