Evil Anna in bogus new confession

Via The Guardian:

Australia’s big banks have launched a public mea culpa ahead of the release of the long-anticipated, likely scarifying, findings of the banking royal commission, acknowledging they have failed their customers, and arguing the Hayne report is a chance to reset the sector.

With institutions and their shareholders braced for a major shake-up when the final report and the Morrison government’s response is made public after financial markets close on Monday, the chief executive of the Australian Banking Association, Anna Bligh, said banks had “not lived up to the high standards Australians rightly expect of the industry”.

“While we don’t know the recommendations in the report, we do know this is an opportunity to reset the industry and to make things better for our customers,” Bligh said.

Like, for instance, trying to nobble the RC, previously from Evil Anna:

The documents, obtained by The Australian today, showed a list of issues raised by the ABA in the days after a royal commission was announced by the Turnbull government in November.

The letter shows Ms Bligh also she was “concerned” the royal commission did not include shadow banks and mortgage brokers.

Ms Bligh also “flagged preference for limiting (terms of reference) as to how far back (they) can go”.

Among many other examples.

It is not my habit to withhold absolution when the right confession is made but in Evil Anna’s case we can make an exception.

Her soul is doomed to an eternity in banking hell.

Comments

  1. Whats with the bounce in bank prices on the ASX. I smell a leak.

    Was the Boral post locked to stop WW posting?

    • Last time after Hayne report released their was a sharp short covering rally (didn’t last long mind). This time shorts are trying to pre-empt it by taking a bit off the table I would guess.

    • The rally happened immediately after the 11am release of MI inflation data. RBA cuts can only be good for the banks… in the short term at least.

  2. Anna Bligh, said banks had “not lived up to the high standards Australians rightly expect of the industry”.

    Fcuk, what planet does this liar live on? High standards???? What standards more like it. The banks have shown themselves to be run by a bunch of narcissistic, greedy thieves.

  3. I believe the Haynes report is going to be a lot more significant than some envisage. I would love to see a sections where it breaks out all the names, positions and companies of given employees who are going to be criminal prosecuted. Name and shame the lot. Wouldn’t that be a good start…There will be no public trust rebuild and no closure until those who committed acts of fraud and the likes go to prison. No excuses… a crime is a crime no matter what. At a minimum they should be stripped of being able to work in the industry for 25 years or more. If I did half the rubbish that was revealed in the RC, I would be behind bars… I would be finished.

    • There will be no criminal prosecution. A royal commission is what you have when you know there is no chance of securing any criminal convictions.
      All evidence presented to the royal commission is specifically excluded from use in any court of law, so if you couldn’t prosecute before the RC, you still can’t after it.
      As long as no one can prove outside of the RC revelations, then you go free. Gotta love the system.

      • “All evidence presented to the royal commission is specifically excluded from use in any court of law, so if you couldn’t prosecute before the RC, you still can’t after it.”

        Don’t believe that comment about the use of evidence is completely correct. The use of evidence against someone given at a RC is not permissible, but if they can produce that evidence from other sources, without relying on the evidence given under oath at the RC, I believe that it’s fair game.

        “The privilege against self-incrimination does not apply in Royal Commissions, however, there are some exceptions. Generally, your testimony cannot be used against you in subsequent proceedings.”

        https://www.criminal-lawyers.com.au/appearing-royal-commission

        Note, that it’s your testimony, that cannot be used against you!

      • “Note, that it’s your testimony, that cannot be used against you!”
        All the RC has that wasn’t available previously is testimony.
        If you couldn’t make a case before the RC then you still can’t after.
        If on the other hand you wouldn’t make a case before the RC, well then you probably still won’t after either will you.

        @C3PO seems they didn’t from what I heard.
        Whocoodanode?

    • Oh yes please. Annoys me no end the constant coverage of “CBA” or whoever. Too easy for the individuals to pop off home and watch Australia’s Got Talent safe in the knowledge that it’s “the Bank” that will cop the flack, whilst they get to keep their bonuses from the relevant offensive period. Name the specific Bank employee responsible for the area that breached its duties. Name ’em!!

    • She isn’t presiding over the sector, she has a high paying, low workload position to get her words in the media and to speak to pollies about how yeah nah it’s all good mate dont worry about that it’s fine coz she’ll be right. She’ll have succeeded if it is business as usual

    • Don’t forget coal mining and stuff the Barrier Reef. I just see it as a true view of their behaviour in Government. Brumby, Dan, and lots of LNP/Greens talking heads. The problem is that power/money beings corruption and no duty if care to the public who pay 70% of the taxes i can’t get past that.

  4. When is that bloody Catherine Livingstone going to get it in the neck?

    She not only kept her job [after conspiring with Ian Narev to cover up/ignore all the criminal behaviour of CBA for years] she negotiated a raise last year for being chairman! [A$750,000 pa]

    Is there any f _ cking justice in Mudville?

  5. I’m listening to Anna Bligh right now and all I’m hearing is Wah Wah wah…..

    She is simply telling the people what they want to hear and the banks will go back to business as usual (rampant b*stardry) in a few months.

    I would really really like to know how much she is paid by the banks and how much she is getting in bonuses in the last 24 months.