Meaty snippets from the home of government plus the daily reality check and the pick of other people’s political coverage. Richard Farmer writes.
Financial regulators
Time for ASX, ANZ and friends to start writing Opes Prime cheques
Opes Prime creditors who still believe they are only going to get 30c in the dollar, should buy The AFR today because it will cheer them up no end, writes Stephen Mayne.
Banks want all the blame, none of the responsibility
The world’s biggest banks and financial groups are trying to offer a deal to regulators by accepting blame for current economic problems, in exchange for no tightening of the rules and laws controlling banks and banking, writes Glenn Dyer.
If Mick Gatto is the answer, bring on the Royal Commission
As if Australia’s financial regulators weren’t damaged enough, now we’ve Mick Gatto brazenly parading for the media as an alternative debt collector for Opes Prime victims, writes Stephen Mayne.
Six years after HIH, financial guarantees unresolved
As Northern Rock implodes into a colourful curiosity of the repercussions of the US sub-prime crisis, there may be a lesson or two for bank regulators in Australia.
