Bill Shorten penned a piece in The Saturday Paper outlining the case for a banking royal commission.
In the article, Shorten begins with a case study involving a man named ‘John’ who, like thousands of others, had his application for an investment property loan doctored so that his income and the value of his assets were falsely inflated. The loan should never have been approved and now John is stuck with a mortgage that he is struggling to repay, creating great financial hardship.
