Amazing how everything is being put into admin despite Credit Suisse only holding springsure as surety.
Looks like many many months ago it was decided to sell every asset, even those that Credit Suisse dont have title to, to ensure they get a 100% return on the loan they prematurely called in and the mug retail investors stupid enough to invest in an Australian public company take a 100% loss as they are supposed to do.
Outcomes like this are all about diverting the savings of those dumb-ass retail 'investors' stupid enough to fall for the bait hook line and sinker into the pockets of the operators.
People complain about the Mafia in Italy, but Australia is no different. It's just there is no official mafia.
No wonder the GST promis will be broken. The only real 'economy' in Australia is first and foremost bureaucracy and secondly 'financial scheme' operators.
Amazing how everything is being put into admin despite Credit...
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