If the government is smart, it won't make the same mistake it made about a banking royal commission on live exports.
AMP has dumped its CEO and stood aside its senior lawyer to try to control the damage from the banking royal commission, but it won't be enough. And why is the Business Council so quiet?
Embarrassment isn't the only problem from the banking royal commission for the government. It will cruel its narrative in other areas too.
The banking royal commission has shown how utterly contemptuous of the ASIC Australia's biggest firms can be.
A terrified government is rushing to do whatever it can to save the live export industry -- including attacking its own bureaucrats and embracing the opposition.
Turnbull and co may bemoan the small size of our tech sector, but with certain international stocks so overvalued, Australia may well luck out in the looming bust.
The company responsible for recent horrific footage of dying live export animals has been repeatedly found in breach of the what passes for industry regulation, and nothing has ever been done about it.
The chairman of the corporate regulator says it "stands ready" to do its job but would prefer banks to self-regulate. We've been there, done that, and it failed horribly.
Tony Abbott isn't merely destabilising Malcolm Turnbull, he's trashing his party's values. And his history shows he simply doesn't believe in the most basic ideas of the Liberal Party.