Over 3 trillion in loans from 4 banks, with half being mortages on a heavily indebted small population and any significant sneeze from the economy or their creditors - ie foreign banks, and the whole house of cards could come tumbling down. Scomo is positioning us all to cushion the fall of the banks by nicking our money and converting it to shares. Its already through parliament in a cloak and dagger fashion. He's slowly sneaking up on super as well. Scomo fought hard against the royal commission and he won't like Katters new bill as it has the potential to kill the banks.
