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Bill Shorten's call for royal commission into banks an election stunt

Square, dink, dinks, dinkus, head shot, comment, Peter Reith

If Bill Shorten was seriously wanting a Royal Commission into the banks, he could have voted for it last year when the Greens put up the idea. But he didn't. So when he changed his mind and called for an RC last week, he exposed nothing more than a stunt for the election. He couldn't even dream up a terms of reference and he has no answer to the fact that existing agencies like APRA, the RBA and ASIC have between them as many powers as a royal commission. It would cost more and take longer than existing agencies.