[ASIC - again. Today's Canberra Times.] -- selciper
Let's not walk on eggs, or beat about the bush, or flog the enemy with feather duster.
ASIC's star performer Greg Medcraft was an appointee by none other than Wayne Swan.
We had ample warnings as per below.
And I was raising hell way back to stir PIFtelle to be alert to Dgenny/ASIC matey axis.
Most recent was my email campaign "KPMG Entreaties" to which incredibly,
there was a cacophonic outcry from inside PIF.
It is our own early disregard for ASIC's dangers and marshmallow acceptance of Dgenny
(#Amended as requested 24/12/14 10:34) that did the real damage.
So Selciper, PIF brotherhood has blinked for longer than it should have and opportunities
to curb Greg and his ilk have long passed.
I should know after some 8 trips to his and other ASIC offices.
And all without PIF camaraderie behind me.
----------------------------------------------
[ opinion | Mathias Cormann 13 Jul 2012 00:12:19 FIN. RVW.
Labor’s chaotic approach to financial services policy and
taxation has already created too much disruption and uncertainty
across large parts of the economy.
Now, the public foray into the debate about takeover laws by
Greg Medcraft – Wayne Swan’s personal appointment to the position
of ASIC chair – will add more uncertainty.
The government seems unable to run an orderly policy development process,
allowing regulatory agencies like ASIC to hijack the policy agenda.
Medcraft does not appear to fully appreciate the boundaries and responsibilities
which come with the important statutory office he holds. ]
------------------------------------------------------
And that's it in a nutshell, yet to be cracked, as in a cartoon posted earlier
for your entertainment.
Cheers,
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