ANZ 1.86% $29.05 anz group holdings limited

antthe report was expected by everybody to be sanitised anyway....

  1. 140 Posts.
    ant

    the report was expected by everybody to be sanitised anyway. its a bit like those company announcements you read every day, sanitised by all the directors before release to the market.

    c'mon ant, u are referring to a large process driven institution, a machine, with a well funded legal panel

    this machine is not one individual. smith is part of it. a big part, but he is not the machine.

    did you ever expect the report to be open and transparent? there is a 'policy' and there are 'processes' driven and these must to be followed by all, including smith. u have to understand this to read how the machine thinks. it has no conscience.

    that explains why the bank is surprised at all these litigation actions. This is not supposed to happen. normally, the process is simple...secure, eliminate and move on. the ruined are not supposed to sue the bank.

    once u understand this u can see the banks actions are entirely predictable and not unexpected. this is its weakness.......


 
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