DTE dart energy limited

Till regulators have crime commission powers to force...

  1. 1,099 Posts.
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    Till regulators have crime commission powers to force individuals to tell what was said at this or that meeting, companies can keep using high priced lawyers to run rings around the regulators - while small investors get fleeced.

    It's not in the interest of Australia to allow one after another small cap company to be financially raped or go bankrupt only to have assets sold off for a song.

    Retail investors will avoid risking capital to back small Aussie start ups, a situation that would in the long term would be devastating for a modern economy like Australia.

    With something like 40% of Australians owning shares I'm surprised it hasn't become more of a political issue - funny the shooters party get elected with such small numbers, but no one is make reforming the corporate cowboys an election issue - sure would have my vote.

    Q -How would you sell this message to those that don't invest?
    A - remind them that all financial market events dating back to the year dot, including the financial crisis of 2007–08, the Great Recession have their roots in poorly regulated financial markets that can cost them their jobs, life savings, or even the very house they live in.

    White collar criminals that in-gauge in conduct that strips retires of their life savings should be facing lengthy sentences and stripped of all asset, even if in relationships they shouldn't be able to have assets in a partners name that can't be touched.

    So F#@king angry with this shit is happening year after year, sadly don't hold your breath - In late 2011, Eastern Star Gas was bought by giant gas company Santos for a reported $739 million. John Anderson, former deputy prime minister and leader of the Nationals, was appointed chairman of Eastern Star Gas in 2007 — while still sitting as an MP.

    Anderson is a close friend of Joyce and was his campaign manager in New England for the September Federal election. Despite their long friendship and the fact that Joyce’s second land purchase occurred after Anderson had become chairman of Eastern Star Gas, Joyce says he had “no knowledge at all” that the Pilliga would be at the forefront of CSG exploration.
 
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