dudes, can i ask why ANZ or Merrill or any lender is to blame. If ANZ etc loose money, its the shareholders that loose. Opes asked them for money, they provided shares as security, just because Opes structured the contracts in a way that the investors were duped or just didnt read or didnt care is not ANZ etc fault. We are talking about privatising gains and socailisng losses, which in todays world isnt correct.
I dont mean to be mean but whether you are trading shares, god forbib CFD or getting margin loans, all you are doing is magnifying the gains if it is good and the loses when bad.
Surprised that the CFD companies and their clients havent come on stuck.
hope for most people that the lossesif any arent that great. Also shouldnt the receiver go after the clients where there is a shortfall like in any other margin lending short fall.
