David Murray has gone rogue

The government probably thought that appointing an ex-banker to head the Financial System Inquiry would work out in their favour, but it's turned out to be an absolute shocker.

The conventional wisdom in politics is that you don't appoint a commission of inquiry unless you know the answer first. Well, that definitely hasn't happened with David Murray's Financial System Inquiry.

It is an absolute shocker for the government and the banks it's been trying to please. If accepted it would undermine both of their two pillars of profitability: property lending and superannuation.

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