Via the ABC:
AMP’s chief executive officer Craig Meller has quit his job with immediate effect after a series of scandals were revealed at the banking royal commission.
The resignation was accompanied by an unreserved apology from AMP to its customers.
More heads will roll.
My question is should the Treasurer Scott Morrison also resign? After all, his record of resisting and bad-mouthing the proposed inquiry is littered with catastrophic quote after quote of wrongheaded and quite possibly corrupt drivel:
- “populist whinge”
- “I think there is the great risk that if the opposition continues to engage in this recklessness that the only product of that approach could be to undermine confidence in the banking and finance system”
- “blank sheet of paper”
- “There is nothing more than crass populism seeking to undermine confidence in the banking and financial system, which is key to jobs and growth in this country”
- “Politics is doing damage to our banking and financial system, and we are taking control as a government to protect the strength of our banking system through a properly constituted inquiry on these terms of reference, rather than the alternatives present in other commission of inquiry proposals”
How can the polity trust an at best inept Treasurer to now guide the remediation and reform process? Even if the Coalition makes the political over the policy calculation, how can this record not do damage to its re-election prospects?
All of the opposite is true for Chris Bowen and Labor. Just imagine a debate between the two as the RC results come into full view directly into the lead up to next election.
Bowen is going destroy Morrison. Or, more to the point, let Morrison’s judgement destroy himself.
