You are right. Nice video BTW. It is surprising I that in an arguably democratic country, the regulation is so weak and pathetic. CBA can and has basically done what it wants. Australia is the Wild South of the global financial world.
It even has situations where the PM’s son, Nathan Albanese works for the largest bank, CBA a which you would think Labor would have wanted to break up.
Occasionally, ASIC a goes after IAG for mis-selling and it is looking at Macquarie Group for the horrendous stuff Macquarie did with Nuix but it is all too little too late.
Australia is getting a bad reputation for anything goes, like with CBA. A money launderer’s paradise, auctions rife with underquoting and low levels of staffing but when they do staff it, only patsies like the PM’s son now working at CBA.
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