ASIC is charged with the responsibility of being the market...

ASIC is charged with the responsibility of being the market watch dog, not a profit making paper tiger prioritised with fee income. There needs to be a serious shake up in the way the ASIC is manditing elitism to hedge funds allowing free-reigned naked shorting.

Really a sad ending to the story of the ASX which has been traditionally one of the fastest growing and robust markets, and now watching it rapidly derail over the past months as HF cowboy's manipulate at will. If this trend continues much longer it's going in the direction of a synthetically created ASX crisis. All for what? Short term gains at the cost of a long-run prosperous future? Good on ya boy's really earning those salaries.

A shame really.

Ps. Asteroider - run for government and burn these paper tigers. IMO.