As the "sorry" pageant rolls on, we have to remember the physical impossibility of apology in the mind of something not living.
A potential $1 billion refund request from ASIC will lead many to think the banks are being penalised. This is far from the case.
In taking a purely economic approach to banking competition, the Productivity Commission failed to recognise the politics of big companies.
ASIC's plan to send agents into banks to detect wrongdoing misses the point that ASIC rarely prosecutes anyone.
Something is rotten in the state of Danish banking, the reinsurers of the world want nothing to do with coal, and Sky News is hunting for a new boss.
We've been too hands-off on competition in Australia and the result if major industries dominated by oligopolies.
The biggest rip-off in financial services is the huge fees charged by retail superannuation funds, which flow to the big banks and AMP for delivering poorer performance.
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.
Even an aggressive commissioner who manages to work around the commission's impotent framing probably won't reveal anything we don't already know.