When good bankers go bad

Crikey readers have their say on FOFA reforms, Rupert Murdoch's tweets and the age of parliamentarians.

CommBank behaviour worse than bikies’

John Richardson writes: Re. “Embarrassing ASIC admissions show danger of FOFA repeal(yesterday). No wonder Bernard Keane is bewildered. In sunny Queensland, three or more members of a bikie club having a social beer in a public place are at immediate risk of being found guilty of a criminal offence, punishable by up to three years in jail. Close by but worlds away, a significant number of financial planners engage in dishonest conduct without fear of prosecution. While ASIC’s failure to meet its statutory obligations in response to this large scale criminal behaviour is just as scandalous, the very best we get from ASIC Chair Greg Medcraft is “We should have controlled the process more tightly”.

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2 thoughts on “When good bankers go bad

  1. klewso

    That same “Spanish economist”, Manuel Newman – “Please Sir. A r’Abbott ate my homework!”?

  2. Russ Hunter

    Denise, re Rupert’s tweets, without First Dog we need something to laugh at.

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