Interesting: "Great Southern was a thinly veiled tax dodge". You forgot to mention that our parliament supported the introduction of this "dodge" , the ATO supported it and ASIC also thought it was a good idea.
I take it you discount them all as incompetent. So why exactly was BEN financing all of this caper, clearly identified as a tax dodge. Where are the ethics in financing something that is doomed to fail? Doesn't BEN have the expertise of a rural bank? Isn't it the people's bank, the community bank? Where are the ethics? Ben charged 11% interest, knowing this would fall over! Ben used every trick in the book to get hold of all of these loans because they thought there was big money to be made. Blaming the investors for the failure of these schemes is utterly ridiculous and bares any ability to comprehend the complexity of the issues.
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