From http://www.bfcsa.com.au/
May not help immediately, but the push is on.
Regards,
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BFCSA: Heads must roll at corporate regulator ASIC.
Well done James Wheeldon. Medcraft must GO
Posted by Denise on Saturday, 30 April 2016 in ROYAL COMMISSION URGENT
Gladys says: Chairman Medcraft says he "enjoys" his job........doing what Greggie? Bribing favourite pollies as the master manipulator? Consumers will be your downfall "mate," bank on it! Medcraft must GO Heads must roll at corporate regulator ASIC James Wheeldon The Saturday Paper Greg Medcraft, the chairman of beleaguered corporate regulator the Australian Securities and Investments Commission (ASIC), has had an interesting career. Ten years ago, in January 2006, the one-time Melbourne accountant who made it big on Wall Street was sharing a Las Vegas stage with B-list comedian David Spade. The event was the “one-of-a-kind industry dinner” at the annual conference of the American Securitisation Forum (ASF), a lobby group that Medcraft co-founded and chaired for several years before he joined ASIC. Securitisation is the process by which lenders bundle together individual debts – such as residential mortgages – and then sell “tranches” of the bundle to so-called “sophisticated” investors. Securitisation brought us collateralised...
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