Medcraft is attempting to orchestrate the loooooooongest list of excuses, as to why he has to lie to Parliament and say "no systemic issues in banking practices regarding obvious fraudulent loans and barrels of Maladministration in Lending. In other words to say every mortgage loan application approved by Banker Mates was checked and verified as affordable loans to people who could afford to sustain repayments.
You can see the build up in small stream media. You can almost guess the exact words these luminaries will use on the witness stand prior to Greggie flying off on his usual IOSCOnian Adventures.
The problem is Mr Medcraft, you Sir will be leaving behind fractured banking industry riddled with bad practices, bad procedures and definitely toxic financial products, riddled with fraud. You did not start the banking cartel here, but you were in on the ground floor in 1994. You will attempt...
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ASIC Chairman failures
Chairman ASIC Greg Medcraft
IOSCO and Greg Medcraft
IOSCO Regulators Kept Quiet over Bank Scams
Societe Generale
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We hear daily lot about the scams and cheating on these issues. Therefore government should come in front and should make strict p -
You are so right Neil we are certainly seeing yet another limp wristed sook out to appease the masses instead of making the long r
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Members if you think the banksters have it good now wait until Joe Hockey relaxes all the rules which he stated he was going to do
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I am so interested to see how Greggy handles genuine pressure (the same sort of pressure we victims have had to cope with every da
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From the asic website......... Greg Medcraft was appointed ASIC Chairman on 13 May 2011 for a five-year term. Greg joined as ASI