BANKS BEHAVING BADLY & BAIL IN LAWS | Pauline Hanson questions APRA

Today I had the opportunity to question APRA about allegations around the behaviour of banks and the steps APRA may or may not have taken to investigate these allegations. I also asked about concerns many of you have raised around the financial sector legislation amendment crisis resolution powers that were rushed through parliament without a proper vote during the last sitting.What do you think of the answers that APRA gave?Let me know in the comments below.#PaulineHanson #OneNation #SenateEstimates #APRA #Banking #BankingRC

Posted by Pauline Hanson's Please Explain on Wednesday, February 28, 2018

Pauline Grills APRA Over ‘Bail Ins’

I had the opportunity to question APRA about allegations around the behaviour of banks and the steps APRA may or may not have taken to investigate these allegations.

I also asked about concerns many of you have raised around the financial sector legislation amendment crisis resolution powers that were rushed through parliament without a proper vote during the last sitting.

What do you think of the answers that APRA gave? Let me know in the comments.

Pauline Hanson
Party Leader and Federal Senator

15 replies
  1. Jorge
    Jorge says:

    Well .. THIS is good to see…
    There have been a HUGE number of people writing into this matter, and STRONGLY supported by the CEC .. but what we REALLY need that is never discussed, is the implementation of the Glass-Steagall Act separating the Investment and Commercial arms so that the banks cannot gamble with airy money and then get REAL money from Depositor’s accounts.

    Reply
  2. Stephen Cahalan
    Stephen Cahalan says:

    It would seem that very few are aware of these bail-in laws including Today Tonight. It has been on change.org for a few weeks and yet only 5000+ have signed it.It was very devious how it passed the lower house. When I try to forward the article on change.org via Email I find that I am being blocked from doing so. Is this internet censorship? Why doesn’t One Nation make it a mainstream media article of interest?

    Reply
  3. Ted Crowther
    Ted Crowther says:

    They were not giving you answers to your first questions and avoiding answering your last question by being very vague with the answers. Ask for all the answers in writing to all the questions that you asked. Also you where told that the questions you asked where from a political party ? Does that mean that you can not ask questions that other political party’s have asked ? Well Done with your questions Keep Up The Good Work Some one has to try keep the Barsteds honest

    Reply
  4. Daniela
    Daniela says:

    Regarding the Bail In : How much can we really trust APRA and the government and the APRA spokesperson didn’t seem to know much of anything and the fact that he claims he didn’t know about having received complaints from ANZ customers I just don’t believe it. As usual they are trying to shirk responsibility. Also should Australia’s banking system implode under dodgy loans , like it happened in the USA with the GFC of 2008 with the sub prime loans, are we really going to trust the government and the banks to wear the loss without touching people’s savings. I think not !

    Reply
  5. Vanessa Errol
    Vanessa Errol says:

    Congratulations Pauline,
    Your questioning about APRA, and their powers for Bail in were excellent, and I admire how you kept on asking questions that were clear, clean and at the heart of the matter. You clearly had those you asked question too, on the back foot, as they tried to evade the truth and cover up these important issues.

    Reply
  6. lial skraps
    lial skraps says:

    Thank U Pauline 4 Confronting APRA I didn’t think your final important question was answered . But C,E.G. made people aware I noticed the woman who said GEG. was a Political Group as though their comments don’t rate . i THINK AS THEY SAID INVESTMENT BANKING & SAVINGS BANKING SHOULD B SEPARATE & NEVER THE 2 SHALL MEET ..

    Reply
  7. Diane Cummings
    Diane Cummings says:

    Thanks Pauline for your persistent questioning re the “bail-ins”. I believe that you were rudely cut short by the comment that the question had been answered numerous times so it was time to move on. It was not resolutely answered in the first instance and in any case I have no trust or faith in what was being declared by the spokesperson for APRA. He was dancing around the question and being evasive whereas Pauline correctly pushed him for a simplified resolute statement that he was not delivering. Well done Pauline.

    Reply
  8. Di Cummings
    Di Cummings says:

    Well done Pauline in pushing for a resolute clear statement that was NOT being delivered by the APRA representative. You were cut short at the end by the woman who declared the question had been answered several times, which is not correct. Pauline had to push repeatedly for an answer which at the end was not convincing or comforting at all. I am left with a sense of evade, distort and dodge the question here.

    Reply
  9. Peter B Pan
    Peter B Pan says:

    Ice-Nine is a freeze of the financial system and the “Elite’s” plan to freeze the Financial System during the next crisis.

    If regulators freeze money market funds in a crisis, depositors will take money from banks. The regulators will then close the banks (so-called “bank holidays”), but investors will then sell stocks and the exchanges will then be closed and so on and on. The government will then bail in the banks and your deposits frozen as they did in Greece and exchanged for bank shares as they did in Cyprus.

    Do you realise you still cannot draw larger sums of cash in Greek banks even 3 years after the crunch and do you realise draconian laws still exist that allows the government to confiscate your gold at a “set” price.

    Lucky country we are?

    Greece and Cyprus were just the trial grounds for “Ice Nine”

    Reply
  10. Vanessa Errol
    Vanessa Errol says:

    Pauline you were brilliant- you asked the right questions, and repeated them calmly and well when those asked tried to avoid telling the truth.
    Those who would not answer or tried to get around the question were clearly not working for the average Australian and were not ready to own up.
    Congratulations for being so clear and standing up for the people whose hard earned money was likely to be raided by a group of people who really have shown little respect for their electorates.

    Reply
  11. P . Osgood
    P . Osgood says:

    Thanks Pauline for speaking out, it’s good to have someone looking after our interests.
    As with the comments above I didn’t feel the answers were very convincing especially to the last question.

    Reply

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