Walk The World The Senate Inquiry into ASIC took further evidence this past week. One notable contribution was from an academic, who really went to town on the role and purpose of the regulator. Indeed, he posed the question” Why does ASIC not enforce the law….”?
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"I would decline to answer that question senitor Brag, i don't know enough about it"
More people need to learn from this response. I will endevour to.
It’s obvious ASIC needs a MAJOR overhaul.
It’s been operating without oversight for so long, it’s lost its way.
As it stands it’s useless, gutless, and not functioning as it should be.
Thanks for shining a light on this.
I am a bit confused with Professor Andy Schmulow's evidence, in the video he states that "we've never had Twin Peaks Senator". However Professor Schmulow wrote a paper in 2016 titled "Twin Peaks: An Analysis of the Australian Architecture". In it he says at page 7, "Twin Peaks was introduced in Australia in 1998 in response to the recommendations of the Wallis Inquiry". So what is correct, have we or have we not got a Twin Peaks financial model? Whether it's works or not is another matter entirly.
But How Can ASIC Prosecute the Corporate World , and Still get Great Jobs when they leave ASIC ?
They are not Incompetent , it is Called , something else .
Great show, really interesting and the Australian public are keen for such courage and clarity. Pity most media hide this
ASIC are run by bankers, so they won't want to hurt their banker friends
Thanks for up date 🙏👍😃😉
Well done guys
👍🙏🇦🇺
What can we do?
Love this Guy !! He is bulldog, let him loose.
GREAT WORK …WELL SAID AND TO THE POINT…. SHAME ON ASIC….. SO CORRUPT…. YES THEFT AND FRAUD
I'm glad this is all over mainstream news and the ABC, otherwise I'd have to rely on an independent YouTuber to hear about the flaws in our regulatory apparatus that might put the banks in a position where failure of a single institution would mean that the risk to the economy is so great that consecutive governments would be wedged into a position where they must continually innovate new life-rafts – like FHB grants, ultra low rates, zero deposit and interest only mortgages, record immigration numbers behind our historic ability to build homes for, and generous tax incentives – to keep the banking-property complex floating like a turd in the septic economic tank that it has become.
This is an absolute evsiceration and I love it!
Thank you
They for all their staff and resources only prosecute,the small firms in basically book keeping errors,while white collar criminals the world over,are laughing and making off with investors money like bandits, wonder how much it costs for a blind eye for business bandits ,
had this man memorised everything he has,ever read and understood it
Fantastic. About time. 👍
We certainly need more transparency in all government departments. Thank you for a great interview and the courage so openly & Honestly.❤