Has Shorten forgotten he used to ride shotgun for big banks?

Bill Shorten, Twitter, July 26:

Hospitals and Medicare before banks, that’s what Susan Lamb stands for, that’s what Labor stands for. That’s the choice in Longman this Saturday.

The Australian, July 29:

Labor Braddon candidate Justine Keay has thanked supporters and claimed her victory sends a “very clear message to Malcolm Turnbull: it’s people before the banks”. “It’s hospitals before the banks, it’s schools before the banks, and if he (Mr Turnbull) doesn’t listen now, he’ll never ever listen,” Ms Keay said.

Does Bill recall when he was assistant treasurer and minister for financial services? Speech to the Oceania China Future Forum, December 7, 2010:

Australia has a sophisticated and advanced financial sector. It contributes over 10 per cent of GDP to the Australian economy; this is more than mining. It is more than manufacturing … Australia’s financial system continued to function well throughout the global financial crisis. Overall, Australia’s institutions remained profitable and well-capitalised and this allowed them to continue to lend throughout the crisis. Only nine of the 100 largest banking groups are rated AA or above — and four of those are Australian … this year the Gillard government has made further moves to increase the competitiveness of international banks in the Australian domestic market by confirming plans to phase down the interest withholding tax on foreign banks … I cannot be expansive enough about the mutual opportunities that can arise from Australia’s well developed financial services industry. We have institutions to meet Australians’ requirements right through their life cycle. From the first basic savings or transactions account, through to business and home lending, managing retirement savings, life insurance and healthcare … Australia’s strong performance through the GFC was in large part due to the strength of its regulatory framework.

Back then, Bill was an apostle for superannuation as well. Speech, July 1, 2011:

Successive Labor governments have long-recognised that the current superannuation guarantee rate of 9 per cent is inadequate. In fact, gaining support for the increase in the super guarantee to 12 per cent has been something of a personal crusade for me … As well as providing hardworking Australians with a more comfortable retirement, increased super is boosting national savings. On 9 June, APRA released statistics showing that Australia now has $1.36 trillion invested in superannuation. That’s a substantial pool of domestic capital available for investment.

What about the effect of bank-bashing on the super balances of mums and dads? The Sydney Morning Herald, April 21, 2017:

Bank stocks account for an estimated 23 per cent of the Australian share portfolios of super funds. That translates to $45 billion, which means about 10 per cent of all bank stocks are owned by super funds. So even though the industry super funds love to criticise the big banks, they are also closely entwined.

And then there’s the raid on franking credits. The Australian Financial Review, April 6, 2018:

Worried about how Labor leader Bill Shorten’s proposal to stop franking credit refunds would affect you? Those with big amounts in self-managed superannuation funds are grabbing the headlines in terms of “biggest dollar” impact. But from a lifestyle point of view — i.e., a dent in the wallet — self-funded retirees without SMSFs and with lower balances would be the worst hit.