ROYAL COMMISSION

THERE has been some jaw dropping revelations from the Royal Commission into banking, but it won’t go far enough in the six months allotted for the inquiry.

We would be naive to think the banks don’t play a role in politics.

A former One Nation Senator from Western Australia was critical of the banking fraternity, and being forced into bankruptcy, was disqualified from sitting in the Senate.

Many farmers and business people have committed suicide as a direct result of bank decisions. Massive amounts of money laundering have been alleged, and the financing of illegal drugs has also been suggested.

Perhaps other dubious practices have been undertaken by the banks.

The Federal Government was dragged kicking and screaming into conducting the Royal Commission, but have limited the inquiry so not all allegations might be aired.

The public would welcome an inquiry to get to the bottom of all the nefarious practices that have gone on.

PM Malcolm was joyous over the unions’ Royal Commission but he may be sour-faced with the result of the inquiry into banking.

JAY NAUSS, Glen Aplin