Press Releases

Press releases are issued from time to time to alert the media and the public about breaking news and stories from Bank Reform Now.

Needed - Financial Services Law Force

Although flawed; Labor’s Promise to SME’s and Farmers was the first time that a major party committed to start building a fence at the top of the cliff. All we have had, up till now, is a hearse at the bottom of the cliff, that carted selected corpses off to the coroner’s ASIC and APRA for post-mortem. Even then they only retrieve some of the bodies, most who fell, or were herded by AFCA, or were pushed by a Bank, ended up in a mass grave and forgotten. On the rare occasion when a consumer did survive the fall, mortally injured they are generally ignored, or worse placated. Damaged, broke and disillusioned, they wander in a form of limbo, in search of some form of justice or even a friendly audience.

Michael Sanderson is an ex-farmer who lost his farm due to bank miscon­duct and AFCA being not fit for pur­pose. He is a foundation member of Bank Warriors and an Advisory Panel member of Bank Reform Now.

The rulers win ..... again

Who thinks it makes much difference which party wins an election? Here we expose the harsh truth .... it's not a pretty picture but unless you know about the powers that run the show you'll keep hoping that your vote will make a difference in four years time. A two party structure gives the illusion of choice only. Real change comes with policies that returns power to the people.

The AGM is where Boards and Executives of companies must be transparent and accountable

Perpetual performs better than others so far during the 2020 virtual AGM season but still leaves some important questions unanswered. A great effort and report from our warriors Rita Mazalevskis & Craig Caulfield.

If Crown's board isn't held accountable .....

Crown's board wasn't held accountable because the 2020 virtual AGM enabled the company to dodge the hard questions. A great report from Rita Mazalevskis

Why does CBA avoid the hard questions?

Craig Caulfield and the bank warriors keep up the pressure despite COVID restrictions. A proper Virtual AGM would allow shareholders to ask any appropriate question desired. There is no excuse for banks to filter and censor the discussion. The AGM is the best opportunity to point out bank problems. The bank boards and senior executives must be held accountable in a transparent fashion. Public scrutiny is essential to bring about reforms that will make the banks operate ethically and honestly.

A great report from Craig and the team. See the questions CBA did not want discussed. It's an eyeopener.

End the age of exploitation

For your consideration - a worldwide crisis deserved a budget of serious reform. A cashless authoritarian surveillance state is being set up in front of our eyes. There is no conspiracy. It's in the open now. It's time to take a stand.

Here is the budget that could have been produced by a government wanting to really stop the coming depression and save the people's livelihoods, freedoms and rights.

Who do the "elected" leaders of most nations really work for?

Banks are being dodgy with securitisation. It's worse than you thought.

Some great research from Leon Ashby and the team on how the banks are double dipping to rip off clients after mortgages are bundled and sold. We knew it was bad but this just stinks.

Aldous Huxley's Remarkable 1962 Speech

The author of Brave New World showed us how authoritarians of the future would use science and technology to control the masses. Propaganda, mind control and some well planned (and timed) terrorism does the trick. And by 2020 the tools have been well & truly researched and perfected.

Bank skulduggery via Securitization Explained

A very special guest editorial from three titians in the battle for bank reform. Why didn’t the Royal Commission into Banking address the serious issues of securitization and its high risks when this was raised in many submissions?  Why do our Courts fail us so miserably with ridiculously unjust decisions when a Bank is involved? Why do governments allow these deceptive bank business practices? This article explains how the banks take advantage of their customers.

Dark Virus Has A Silver Lining

Aussies have done well limiting the spread of the virus. Had Prime Minister Morrison acted a bit earlier on closing the border and putting in place an effective business hibernation we could have begun ending the partial shutdown in six to eight weeks - perhaps sooner in some regions. Decisions and timing matter .... big time.

The COVID-19 virus crisis brings a great opportunity for long overdue reforms that will transform and improve the lives of every Australian. BUT it all depends on whether our government puts the interests of the elite ahead of our interests. Right now the government is looking at Aussie families and small businesses taking a hit. Bank Reform Now says ...... SWITCH THE HIT..!!

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