"She said the Australian Securities and Investments Commission (ASIC) had failed to regulate the financial industry.
"ASIC did nothing before the GFC, nothing during the GFC, and refused by letters to me and to other people within our group, to do anything since the GFC," she said. "
I've sent letters to ASIC myself on two occasions for what I saw to be serious breaches of the law regarding listed companies. Their response was pretty much, yes we can see your point but we don't really think we'll investigate as there might not be anything wrong really.
Then they spend millions chasing after people like Andrew Forrest when they could have been investigating billions of dollars worth of bank fraud involving taxpayer investments.
