Unsound investment decisions were also made by Bingo Bank but that is besides the point. Timbercorp and Great Southern are similar but also very different. GTP directors knew the profitability was not real and they knew investors would lose everything and still went ahead. Corporate greed and deception were the flavour of the day and there is no two ways about it. Timbercorp looks more like a case of stupidity and ignorance, thus the difference.
tick,tick,tick ben gets it right again, page-9
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