A Royal Commission - Terms of reference - "Banking in Australia"

Are you like me? Sick and tired of the Banks in Australia churning money out of their customers! Every day we read about some bank or other that has employed some dubious scheme to make more and more money out of its customers. Unfortunately, the Government has neither the inclination nor the political will to act. The donations political parties receive from major banks might have something to do with our Governments failure to curb these banking institutions.
I never realized before just how corrupt our banking system is until it affected me personally. I was one of those naпve individuals that invested in Storm Financial believing that their advice was sound. Like thousands of others, I had no reason to believe otherwise. The fact that Storm Financial was supported by major banks that operated in partnership with that financial advisory firm reassured us that our money was in safe hands. That was our first mistake! Now the Banks maintain that Storm Financial was in large part responsible for the losses thousands of investors, the large majority of them being elderly self-funded retirees, incurred. Nothing could be further from the truth.
There is no question that Storm Financial was reckless in its advice, but it could not have functioned in the way it did without willing accomplices. The Banks, principally, the Commonwealth Bank of Australia, the Macquarie Bank and the Bank of Queensland simply worked in conjunction with Storm to churn money out of the Storm investors, who were unfortunate enough to place their trust in these banks. The charge sheet reads as follows:
(1) Unbeknown to their Storm customers, the Banks entered into covert agreements with Storm Financial that were inducement based, (2) these agreements were based on Storm Financial channelling business their way, extending cheap corporate loans, and trailing commissions to Storm Financial for doing so, (3) the Banks whilst working in partnership with Storm unlawfully assigned their Storm customers' rights, the banks' contractual obligations, the banks' responsibilities outlined in the banking codes of conduct under which they operate, and their "duty of care" duties to their customers, to Storm Financial.
(2)By allowing Storm to complete the banks' paperwork they together with Storm created a situation that led to the following: (a) failure to assess their Storm customers' capacity to repay any loans extended, (b) accepting Storm's assessments without verifying the facts for themselves, (c) endorsing Storms investment model even though it was seriously flawed, (d) extending margin loans without considering customers total liabilities, (e) inflating housing valuations and accepting customers' assets statements that were found later to have been fabricated, (f) dismissing customers' liabilities that would have made such loans applying "prudent banking" principles unsustainable, (g) offering loans on houses for investment purposes (dubious at any time) and margin loans in an environment of economic uncertainty, (h) creating a culture together with Storm of over-leveraging customers' that defied all sound and reasonable banking tenets.
In so doing, the Banks: (i) breached a number of Statutory Acts, (j) breached their own banking codes of conduct, (k) abused their Storm customers' rights, (l) failed to fulfil their contractual obligations, (m) operated unregistered management schemes, (n) wrongfully assigned their customers' rights to Storm, (o) failed in their fiduciary responsibilities, (p) disregarded their "Duty of Care" obligations.
COULD THIS HAPPEN TO YOU? If it hasn't already, it's only a matter of time, trust me! Can we do anything about it? Let's start by voicing our displeasure. If you share my views, please endorse this petition. If you have a grievance against a particular bank, say so. It's time the people in this country spoke before these corporate criminals hijack our way of life completely. Lets have these banking institutions investigated once and for all. It cant be done unless YOU decide to do something about it. If you dont, expect more of the same!