What hypocrisy. Heads we win, tails you lose.
http://www.theaustralian.news.com.au/story/0,25197,23503053-643,00.html
Quote
"Mr Smith has ordered a review of ANZ's securities lending business by Peter Hodgson to identify the "risks" and future potential trouble spots.
"There are no winners," Mr Smith said of Opes Prime.
"We don't expect any material losses from this, or other broker exposures. I am mindful of the effects on our reputation, and on the many Opes clients who are being impacted by the fallout from the actions of Opes Prime."
End Quote
there are no winners
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