I have had nothing to do with ANZ or the prime debacle, but I am being severely impacted by this irresponsible so called bank the 6 billion loss in their market cap since this debacle was revealed should be a warning, in their desperate attempt to offload a billion rubbish specs, they are not only destroying their own shareholders, but the entire spec end of the market, the people who purport to be capable of actually running this major Australian financial institution have been exposed as nothing but disinterested rich figureheads, today I closed all my accounts with this so called bank,I cannot trust these people anymore, how many more people are they going to destroy in their abject chase of some 900k?, these people are incompetant.
It also shows how our market was nothing but an illusion in it's final death spiral the absolutely gob smacking amount of third rate scammers, (read directors) who hocked their own holdings to the unsuspecting public for their own personal enrichment is a national disgrace, and to think the people who are supposed to monitor this type of behaviour are only waking up long after the event only proves they are also a collective bunch of incompetants, I wish I had a job that paid top dollar but required no attendance or duty of care, the ASX is now nothing more than an out of control casino where anything goe's.
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