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BFCSA: DAVID MURRAY must do the decent thing and STEP DOWN immediately as head of "NON Independent" Inquiry into Banks.

Posted by on in ROYAL COMMISSION URGENT
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What is going on with our leaders?  Either PM Abbott or Treasurer Joe  Hockey have lost the plot or they are both best mates with the Bankers. The appointment of David Murray AO and ($50 million bonus packs from CBA for "job well done") cannot be tolerated by any citizen, even those not affected by the need for an INQUIRY INTO OUR FINANCIAL SYSTEM."  This "Son of Wallis" must be making Mr Wallis choke with embarrassment.  The arrogance of Murray shows through in that he accepted the appointment.  Had he enjoyed a modicum of decency he would have graciously declined, somewhat bemused.  Mr Wallis had a powerful presence of integrity. Mr Murray does not.

The very reason we have lobbied for all these inquires (15 to date) is due to the aggrieved being thrown out into the streets because of the likes of David Murray.  Many BFCSA victims are suffering because of the Commonwealth Bank Of Australia's TOXIC Loans which were in full swing whilst David Murray was head of CBA.

You cannot appoint an ex Banker to head a Bank Inquiry.  The fact that Murray's ex Bank is one of the worst offenders for sub prime lending complaints is even worse.  It is Murray that should be brought into question as to his role re the Toxic Mortgage Scandal of the past 14 years.

What were you thinking Joe?  Our Prime Minister Hon. Tony Abbott upset the Indonesian President Susilio Bambang Yudhoyono, and Minister Marty Nataegawa and, now you are upsetting Australian citizens.

Members demanded a full and INDEPENDENT INQUIRY into our Banking System.  The Office of Prime Minister and Treasury appointed mate David Murray......who stands publicly accused of being in charge when SERVICE CALCULATORS were being used by the Major Banks to falsify Loan Application Forms and CBA is one of the worst offenders.

CBA is one of the worst offenders at handing over LAFs - a sure sign of GUILTY AS CHARGED YOUR HONOUR.

Has Joe Hockey been wrongly briefed or is this a cover-up?  We have a right to know.  I will be writing to both gentlemen this week and demand the retraction of Murray's disastrous appointment.

In fact this attempt to taint the Roots and Branch Inquiry into Banking, one year before it gets underway, shows us  ROYAL COMMISSION is urgently needed and headed by a retired High Court Judge or of similar ilk in the Justice system.

Members of the Judiciary will be suitably appalled at what evidence will be thrown across the Inquiry table and the proof of a melding of the two powers: the  arm of the Executive and the arm of the Public Service.  No democratic separation of powers between those two and why we continue to seek support from the fourth power.

Mr Hockey's Roots and Branch Inquiry ("RABI") means Roots and Branch of the Corrupt Banking Sector and being protected.    The RABI has just plummeted to earth on the Integrity Meter with zero independence delivered.  The appointment acceptance displays grotesque arrogance.  

The entire RABI announced by Joe Hockey has turned into Grand Farce by the political arm as well as grand larceny by the bankers who are the subject of over 300 complaints (and rising) to the SENATE INQUIRY INTO THE PERFORMANCE OF ASIC .

In fact this fiasco appointment of DAVID MURRAY has turned it such a circus as to render the entire idea as a failure.  Mr Hockey, we need a ROYAL COMMISSION into the BANKING SYSTEM.  When should that occur - as soon as practically possible.  Please stop monkeying around the edges.........................David Murray is an ex Banker who presided over a Bank that has more skeletons rattling in its vaults than Davy Jones locker.  It is the CBA that will now be deserving of the CLOSEST SCRUTINY OF ALL.

Well the only good news is the fact that this "jobs for the boys" appointment only brings us all closer to a ROYAL COMMISSION into BANKING and we shall  lobbying HARD.                        This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

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  • doyla66
    doyla66 Saturday, 23 November 2013

    David Murray taking this position is just defying logic. An ex Banker reviewing Banks. Something not quite right here. What would Joe Hockey be thinking, what ulterior motive would their be. Perhaps Joe he fits his nick name "JOKER JOE" or was it "JOE the JOKER" either way maybe he is just having a lend of us. !!!!

  • doyla66
    doyla66 Saturday, 23 November 2013

    Would David Murray have CBA Shares?? Not good to much of and interest if this is so.!!!!!

  • doyla66
    doyla66 Saturday, 23 November 2013

    In public life, public perception is everything.

    I would think Joe's mum-in-law, Mrs Babbage, would have something to say about Joe's appointment of David Murray.
    Maybe Mr Murray is a really nice guy in private and everyone in the Liberal Party loves him.
    Point is that's irrelevant - this is about his public persona, and perception is everything.
    Furthermore it's what he symbolises and his ongoing connection to CBA and the Banking Industry.
    I don't believe I've seen anywhere that David Murray has expressed any criticism of the Banking Industry over fraud loans or the CBA whistleblower issue and investor fraud. Or anywhere that he has expressed his views on the importance of respecting consumer rights. Did I miss anything?
    Maybe David Murray can find a really good reason to be overseas or unavailable during the time frame intended for RABI, to save face, before this appointment does further damage to his or the governments reputation. The criticism and jokes are starting about this already, especially on the tail of ex-banker Medcraft's moribund ASIC. Better to demur, David Murray, it's not too late and I strongly recommend the sooner the better.
    And Joe Hockey needs to advertise for better help if this appointment was the work of his advisors. More maturity and sensitivity is needed in these matters.

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