Well put but wrong in law. ANZ lent money to Opes based on a pool of shares that belonged to Opes (or at least Opes claimed to ANZ they owned). Opes goes into liquidation and ANZ sell recover their loan based on the security. My point is that the business model is wrong for Opes Prime and they and the authorities that allowe dthem to ioperate without a proper buyer beware warning should be the focus of bad feeling, not ANZ.
