Evil Anna confesses

Too late from the Australian Banker’s Association:

The issues raised have been unacceptable and do not meet the high standards the community rightly expects of banks.

Australia’s banks are committed to tackling misconduct head-on and strongly back the reforms proposed today by the Turnbull Government to penalise bad conduct within the industry.

A stronger range of penalties for misconduct is vital to tackling criminal and unacceptable behaviour by individuals and corporations.

The industry has supported the strengthening of the penalties regime for misconduct since the Federal Government announced its review 18 months ago, as an outcome of the Financial Services Inquiry.

Before today’s announcement, banks had already recognised the need for change and have put in place a rigorous conduct background check for bank employees to stop those with a history of misconduct simply moving from one institution to another.

Many of the issues raised over the last few days are the subject of investigation with changes already underway in the sector to ensure cases such as these cannot reoccur. The industry expects that further changes should and will be made following the final recommendations of the Commission.

Having spent the better part of two years dedicating her soul to burying the above truth, the only redemption available to Evil Anna is a very public resignation in disgust.

Until then Anna Bligh’s soul has booked a non-refundable, one-way ticket to the eighth level of banker’s Hell where it will writhe aflame for all eternity atop a towering pyre of cash.

Comments

  1. Fake Greg Jericho

    We are so so sorry we had to go through this and have been caught.

    We are however thankful that you have only uncovered 5% of the corruption, and after about 6 months the whole unpleasant business will be forgotten and normal service will resume.

    We would like to take this opportunity to thank the Liberal party of Australia for their undying support. You may spank our bottoms publicly if that helps.

    • seasonedcycling

      Haha
      This is a tiny but important insight into just how Shallow a person like Anna Bligh is.
      Despite a background working to the top of the bureaucracy of a political organisation with the ostensible mission to represent the most vulnerable
      She has decided to dedicate her life to obfuscating for the most powerful, whose power is gained at the expense of the most vulnerable, who channel resources into keeping the most vulnerable away from power.
      She is the ultimate Hollowman politician.
      She doesn’t deserve a skerrick of respect.
      She and her ilk deserve whatever hell may come their way.
      Luckily for her and every other morally corrupt banker, she lives in Australia, so will probably escape from all of this just fine

    • It’s deeper than the banks
      Individuals are themselves as well to blame
      Australian and the west have become greedy selfish with corrupt souls
      We are moving to a place of more integrity through conscious mindfulness that includes a conscious decision about how our actions affect others

    • It’s deeper than the banks
      Individuals are themselves as well to blame
      Australian and the west have become greedy selfish with corrupt souls
      We are moving to a place of more integrity through conscious mindfulness that includes a conscious decision about how our actions affect others
      This is the tip of the iceberg
      We need a greater understanding of the values of budhism

      • john6007MEMBER

        I concur with your comments, although have a difficultly with all religion, but not the principals.
        If you are honest, it is difficult to go forward in a business in Australia because you are competing with people that cheat.
        “Australian and the west have become greedy selfish with corrupt souls” 100%, this is what you have to compete against.

    • Very true Fake Greg Jericho; ………and it applies to all banking execs and political parties.

      I want to see the bank execs having to pay back their bonuses, after all they only care about the money not the customer..

      Alternatively place all “bonuses/bonus shares” in escrow for 5 years; any misconduct and all bonuses are cancelled.

      Imagine the multi million $$$$ losses for the bank execs should their bonuses and options lapse or be confiscated.

      This is the only thing that will truly hurt these greedy bastards.

      Why stop at bank execs, this escrow freeze should apply to all CEO/Exec bonuses/options for publicly listed ASX companies.

      Sad, almost all superannuation for OZ workers will be affected as Superannuation is heavily invested in bank stocks……….screwed again.

  2. Dazza197MEMBER

    >> Australia’s banks are committed to tackling misconduct head-on
    how on earth does she say that when the banks have spent the past few years rewarding and then burying that misconduct
    its like the AMP CEO saying “I dont condone this behaviour” – he condoned it last week, but not this week

    • Considering they’re more like a hydra of the Greek legends fame, question is, which head have they chosen to “tackle it head-on”? I bet is the most hollow, lightweight one…

  3. GunnamattaMEMBER

    So let us get this right

    The bankers (who opposed a Royal Commission from the get go and fulminated dire warnings about the waste of effort it would entail, and the world class incorruptibility of the Australian banking system)

    And Evil Anna (who opposed a Royal Commission from the get go and fulminated dire warnings about the waste of effort it would entail, and the world class incorruptibility of the Australian banking system)

    Back reforms shat into place in a panic by a government aware that the public will recall that that government opposed a Royal Commission from the get go and fulminated dire warnings about the waste of effort it would entail, and the world class incorruptibility of the Australian banking system

    Fronted by Malcolm Turnbull and Treasurer Scott Morrison (who opposed a Royal Commission from the get go and fulminated dire warnings about the waste of effort it would entail, and the world class incorruptibility of the Australian banking system)

    ….and they think this is sufficient for the Australian public, and that we can all move on….

    It’s time for a head on a stick – maybe a number of them.

    There should be one from

    The current government (who opposed a Royal Commission from the get go and fulminated dire warnings about the waste of effort it would entail, and the world class incorruptibility of the Australian banking system)

    APRA (who opposed a Royal Commission from the get go and fulminated dire warnings about the waste of effort it would entail, and the world class incorruptibility of the Australian banking system)

    Treasury (who opposed a Royal Commission from the get go and fulminated dire warnings about the waste of effort it would entail, and the world class incorruptibility of the Australian banking system)

    The RBA (who opposed a Royal Commission from the get go and fulminated dire warnings about the waste of effort it would entail, and the world class incorruptibility of the Australian banking system)

    Westpac, Commonwealth, ANZ and NAB (who opposed a Royal Commission from the get go and fulminated dire warnings about the waste of effort it would entail, and the world class incorruptibility of the Australian banking system)

    The behaviour of the banks undermines the stability of the financial system the RBA has inflated our asset prices to protect…..

    There should also be a forensic audit of every individual mortgage broker who has operated within the last ten years

    Given that the vast bulk of funds disbursed by Australian banks are directed towards real estate there should be an audit of every last real estate transaction within the last 30 years.  Given that the ATO called for this data in late 2015, the ATO should be funded to collect that data – and another Royal Commission should be called to examine the links between Australian Real Estate, Australian debt, Australian banks, money laundering, welfare fraudulence by real estate transaction participants, and the deposit guarantee (and its operation and effect) extended by the Australian government on behalf of the Australian people to Australian banks.

    It is time for this bullshit to end.

    It is time to call this bullshit for what it is

    And it is time to call bullshitters to account

    • …and all of this started on 12th December 1983. That was the day that the bankers were let off the leash; rubbed their collective hands together and joyously chortled “Alright! Let’s get on with it….”

      • Totally. And until the ALP owns up to the Hawke and Keating policies being the beach head for the Invasion of the Bankers they will have no credibility. A little bit of neoliberalism went a long way but the ALP refused to draw the line in the sand. They moved it further and further to the right and betrayed everyone in Australia. The even betrayed the LNP as it had to go even further to the right to discern itself.

        Malcolm Fraser died as a person who would have been at home in the centre left of the ALP. Gough died comprehensively betrayed. Each had more in common than differences.

        Keating and Hawke joined the bankers in real terms – much to their eternal shame – and got rich. It left John Hewson with the last laugh – an honest man who had been much maligned who stuck to his ideological guns. He has ended up a highly respected public figure while the consequences of the Hawke/Keating reforms can now be seen in the light of day.

        I have always voted ALP. But with an appreciation of history I will not ever do so again until they honestly deal with their role in this mess. Australians have no more stomach for spin.

    • As i pointed out, this is all high level maneuverings.
      a direct result, (cause and effect) is that the banks have been able to push on to many punters money which the punter has no means to repay. BUT atm the punter carrys the can
      as the tide recedes the punter is going to have to account for the loss of money loaned, and hand back the devalued asset.
      then shtf. A massive fan. like u see in bunnings.

      • “Their attempts to spin this criminality is a joke.”

        That’s the point, isn’t it.
        CRIMINALITY !
        We should never think of it as anything else, despite all the dissembling obfuscation that will be launched at us.
        Criminal behaviour demands justice. Of course, it will never happen, but we must never forgive, nor forget.

    • How the banks create the money supply.
      https://www.youtube.com/watch?v=EnC1UlnFLyI
      Time for a new paradigm. Get rid of the big 4 and their hangers on. Richard Werner’s thinking on the current insanity needs to be taken on board and implemented by government. “Let the speculators borrow money, but not from banks”

    • There needs to be a few heads from the media aswell for parrotting the message. Gotti looks like a good place to start as this week’s effort would demonstrate they’ve already moved to the next phase of the plan – desensitisation. His article about banks being at grave risk if we didn’t allow them to continue these grubby, deceptive and theiving behaviours was an all time classic.

  4. That Bligh statement is pure cant.
    In the Inferno the greedy were punished by being boiled alive in gold.

  5. Anna Bligh is now beyond parody. If it hasn’t already been done, a Facebook page needs to be set up which set outs for posterity all her statements about how a royal commission was not needed.

    The banks have got enough on their plate at the moment without worrying about getting a new chief of the ABA but this will happen in due course. The ABA was once an organisation that, while obviously pushing the interests of its masters, had to be taken seriously. Now everything – but everything – that comes out of its CEO’s mouth is greeted with a horse laugh. This cannot last indefinitely.

    • THe alp will have that file and
      I am sure we will hear plenty more about it
      and that other wanker, beattie. of comm games failure
      (ww this is too easy)

  6. In the old days, before Keating cut them loose, bankers were boring, conservative, stodgy, arrogant and infuriatingly old school.

    But they weren’t spivs, crooks, charlatans, liars and thieves, which is what they are now. They didn’t do you any favours. But they didn’t steal from you either.

    It’s time to return to the old days.

    Step #1. A law that limits bank salaries to a maximum of $750k. The response will be, “but we’ll never attract the top level talent we need”. The response to the response: “we’ve seen the top level talent that banks have now, and we can do without it”.

  7. Is anyone else getting the feeling that these ‘reforms’ announced by the Libs were probably already prepared when the bankers had decided they had their terms of reference ready?

    • Increasing the penalities attached to laws that will never be enforced is a pretty easy way to do nothing while being seen to do something.

  8. PRESS RELEASE FROM THE OFFICE OF BEELZEBUB (LORD OF THE UNDERWORLD)

    In response to the Australian government’s Royal Commission into the practices of the underworld (aka ‘Hell’) I would like to assure the damned that I shall act to restore confidence in the management of Hell as a matter of priority.

    A stronger range of penalties for misconduct is vital to tackling criminal and unacceptable behaviour by individual demons, imps and other agents of the devil who are employed to manage our bank of lost souls and inflict suffering upon our valued customers (for all time).

    We will restore confidence in Hell by ridding it of the few bad apples that have slipped through the sulphurous cracks. Hell values your soul and feedback. Hell is a well managed enterprise that is shocked to find bad people doing bad things. I mean, really shocked. I mean, I never!

    Before today’s announcement, the underworld had already recognised the need for change and have put in place a rigorous conduct background check for those employed in hell to stop those with a history of misconduct simply moving from one level of hell to another.

    Many of the issues raised over the last few days are the subject of inquisitions with changes already underway in the pits of despair overseen by Mephistopheles to ensure that cases such as these cannot reoccur for all eternity.

    Hell expects that further changes should and will be made following the final recommendations of the Commission.

    I mean, would I lie to you?

    The Devil (MBA, M.Fin, ABA, BBA)

    (Which Bank? Be sure that our financial advice is right for you by asking one of our financial advisors if this is the case. Ask about an interest free house loan and our Predator Investment Portfolio that its 100% guaranteed by the Australian government and taxpayer – you)

    Ah, ha ha ha ha. Ah, ha ha ha, ha! (maniacal laughter from the devil who can hardly believe how gullible the Australian people are and how much they have been screwed over by financial deregulation)

    Ah, ha ha ha ha. Ah, ha ha ha, ha! (maniacal laughter from Scott M because this is the normal sound that a brain dead neoliberal ideologist makes as he screws over Australian society and helps out his finance mates and cranks up mass immigration to support it all)

  9. “I will be the glory in the midst of it.” If you want the glory of God to be in your …., then you must allow Him to be a wall of fire around your ……… The two go together. If you say that God’s standards are too high and you throw water on the fire, then God’s glory will not be in your ………. either. When the wall of fire goes away, the glory goes away too (Zac Poonen).

  10. Banks and other C-Corps or better put Industry started a pogrom with stuff like the Powell memo, think tanks like FEE et al, and other various policy – advocacy think tanks like ALEC. Neoliberalism was always just another form of Laissez-faire corporatism.

    Seems some thought democracy inevitably ended in socialism or communism [Road to Serfdom thingy]. Funny how its all worked out to date.

  11. the Gov likely knew most of this via Apra etc, pre the RC.
    Yet lied until it was brought to light.
    F kn dodgy prks

    • “Yet lied until it was brought to light.”

      Indeed.
      What’s worse, is that they fought tooth and nail to prevent it coming to light.
      I can imagine the ALPs ads for the next election now.

  12. Pretty vacuous statement from the ABA. What the hell is the point of increasing penelties for fraud larceny greed corruption when no one is ever caught or charged. If the regulators don’t investigate and don’t charge anyone wtf is the point. Sack them all. Sack them all. Sack them all. Fire all the regulators. Fire the bank boards. Fire the treasurer.

  13. “Having spent the better part of two years dedicating her soul to burying the above truth, the only redemption available to Evil Anna is a very public resignation in disgust.”

    You are assuming she thinks she needs redemption, which I don’t think is the case.