There should also be a royal commission into apra and the...

There should also be a royal commission into apra and the rba.
The reserve bank allowed the  banks to introduce interest only loans,apra allows the banks to treat customers like crap.Banks are businesses with massive power but the controls were in place its just the rba and apra are typical govt authorities.
Banks rely on home loans and credit card revenue,thats it?Both home loans and credit card revenue will be coming under extreme pressure.
Telstra its the fifth main mum and dad share,look at the crap the govt and accc have put on tls compared to what the govts,apra and reserve bank have treated the banks,thats both sides of govt for 25 years.
JC,i'm prepared to give penn one last presentation,i would like to see chairman replaced.
Compare tls business model to the banks ie the banks home loans and credit cards thats it?
.Telstra as penn said on ticky has the platform in place to disrupt any sector (i'll add the customer base as well ) but what is penn doing about it,answer so far nothing unless u want to include their slow esport development and pathetic and slow energy development