Every bank has been doing the same thing for years, AMP got...

Every bank has been doing the same thing for years, AMP got stuck with the worst of it because there not as big as the other 4... Main banks did much worse with the mortgage market, putting millions of people into mortgages they couldnt afford, sending people broke, even suicidal yet they no one wants their head on a block.

Now whats worse, putting mum and dad with no financial experience or expertise into a mortgage that they had no chance of paying off and sending them broke; or having a finance professional who understands the risks of what they are buying and mortgaging now being faced with having made a bad decision. Its a terrible situation for any business buyer that finds out the value of their business has deteriorated and they are unable to get their money back, but that's business 101. Even the bread shop owner understands that.

Being a Financial Planner/ Adviser is a privilege, not a right; and if your unable to asses your own financial risk properly then how dare you pretend your able to asses and give advice to another human that is relying on your absolute advice for their families future.

This is not a game, these advisors give advice to thousands of families every day, so if they are not capable of understanding risk within their own investments, how dare they pretend to know when advising others. Imagine how the people that have taken the advice of these planners feel.

The every day Aussie battler that entrusted this person to do right by them.