{"href":"http://player.captivate.fm/services/oembed?url=http%3A%2F%2Fplayer.captivate.fm%2Fepisode%2Fedcf668d-52b2-4eca-a414-54a3da4bb5a6","version":"1.0","provider_name":"Captivate.FM","provider_url":"https://www.captivate.fm","width":600,"height":200,"type":"rich","html":"","title":"Episode 188 \u2013 Peterson, Pinker and Peckers","description":"The only podcast to discuss Mortgage Brokers, Jordan Peterson, Steven Pinker, franking credits and restoring a circumcised penis. And people say we are too blokey?
\nReview of The Secular Party event in Melbourne.
\nReview of Episode 187
\nBrian Morris wants to pitch a secular programme to the ABC. Any ideas?
\n11:23 The National Student leadership Forum on Faith and Values.
\nSpeaking of soft theocracy, what about the NSLF?
\nNSLF\u00a0is a 4 day conference that brings together today’s leaders and the leaders of tomorrow to discuss openly who they are and what they believe.
\n…It is easy to begin with great idealism but to become disillusioned and cynical in the face of adversities and disappointments. That\u2019s why our faith and values are so important: … Jesus of Nazareth introduced the concept of servant leadership when he said to his followers that, unlike the leaders of the day who \u201clorded it over\u201d the people, \u201cit will not be so with you. Instead the greatest among you must be the servant of all.\u201d We have adopted this idea of\u00a0servant leadership\u00a0as the broad theme of the Forum. … The National Student Leadership Forum is an opportunity for the emerging generation to discuss the significance of\u00a0faith and values\u00a0as foundations for effective leadership…
\n14:11 The Banking Royal Commission
\nFrom Wikipedia:
\nThe Royal Commission heard that ANZ had failed to accurately verify the living expenses of home loan customers referred to the bank by mortgage brokers, believing that this was the responsibility of the brokers, in spite of a\u00a0conflict of interest\u00a0in doing so.
\nCommissioner Hayne questioned whether the CBA was “economical with the truth” in failing to tell customers the value of commissions it pays to mortgage brokers in return for selling its products.\u00a0The Royal Commission also heard that due to a system of\u00a0trailing commissions\u00a0paid to mortgage brokers, the CBA rewarded brokers for encouraging customers to enter into larger homes loans and for longer terms than needed.
\nThe Commission heard that, similar to ANZ, Westpac believed that it was not its responsibility to verify loan applicants’ personal expenses, with this responsibility resting with brokers, especially for car loans originated by motor vehicle dealers acting as brokers; and that financial kickbacks to car dealers reflected a conflict of interest.
\nThe RC recommended banning upfront and trailing commissions which would wipe out the Mortgage broking industry.
\nAre mortgage brokers seen as advisers or salespeople? The former is under a duty but for the latter, it is buyer beware.
\n59% of mortgages are settled by brokers.
\nThe RC is giving even more power to Banks.
\nFrom Mungo Maccallum
\nHayne did mention the possibility of criminal proceedings, but if they are to occur it will be through APRA and ASIC, the two toothless poodles Hayne had already dismissed as failing to do their job \u2013 we are not holding our breaths. It is hard not to believe that Hayne was a judge at the Nuremberg trials, he would have let off Hermann Hesse as a first offender.
\nIn the short term this can be seen as deeply disappointing, even a cop out. But the longer term danger is the message it gives to the other fat cats of the system:\u00a0 if you are a blue collar crook you will be arrested, charged and imprisoned, but if you are rich and powerful, you won\u2019t really have to worry; your elitist peer group will look after you. Too big too fail, too big too jail.
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