Bravo: Labor to take bank royal commission to town halls

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Given the clear move by corrupt media and regulators to curtail royal commission fallout, this is good policy and politics from Labor, at The Australian:

Labor will hold its own meetings around Australia with aggrieved bank customers from today, in a bid to put pressure on the government to extend the banking royal commission hearings beyond its February 1 deadline.

The Morrison government says that if Royal Commissioner Kenneth Hayne asks for more time, he will get it, but Labor is calling for it to be extended regardless.

Handing down a damning interim report which contained no recommendations on Friday, Commissioner Hayne indicated he would not be requesting an extension.

Thankfully Labor will be in power when the RC recommendations are implemented so we can expect a decent flushing of the filth clogging up the banking and regulatory system.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.