ASIC is responsible as regulator for not discovering these Banking rorts and the current Government is responsible for ASIC.
The chairman and board members of ASIC is being replaced which is a tacid admission that ASIC got ir wrong and by implication, the Government. We now need to jail the culprids, cruel the Banks with fines and exempt them from any subsequent tax cuts. We need to send a clear message to big business that taxpayers and consumers wont cop criminal activity as an acceptable strategy of making profit and that includes tax evasion.
