ASIC hears victim woes
but will do nought with such pain –
Filed in secret box
This is a reflection of yesterday’s meetings called by the Chair of the Australian Securities and Investment Commission (ASIC), our peak financial regulatory body, to hear first hand stories of the victims of the 30 month old Sterling First retirement housing collapse. It was made clear that resolution of regulatory failure was not in ASIC’s hands!
The meeting ended with a victims’ walkout.
“Traditional haiku usually focuses on two very simple subjects while providing an interesting or unexpected perspective. Like a good joke, the first part can serve as the set-up, while the second part delivers the punchline.”