Shemara should be sanctioned, this continued lack of restrictions on Macquarie’s license and the continued tenure of the CEO, whose family is attached to a foreign power of ill repute, is becoming a sad indictment of Macquarie Bank, the entire Australian financial system and the lack of regulation of the financial system down in Australia.
Banks like Macquarie should not be allowed to act with impunity and Shemara should have either been sacked by the Board or her regulatory approval withdrawn by ASIC by now or at least suspended.
That SHemara is still in charge is becoming an enormous sham of regulation (or lack of regulation) down in Australia.
Macquarie should face significant sanctions if Australia is not prepared to impose on them and their accounts should be frozen by the FED and other central banks, trading banks.
MQG Price at posting:
$211.25 Sentiment: Sell Disclosure: Not Held
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