James Wheeldon a lawyer who worked for the Australian Securities & Investments Commission has told the Senate Inquiry how he was under pressure to amend laws in favor of the Giants of the Financial Services Industry, laws which were against the interests of Investors and Consumers. Customers that included Senior Citizens, Elderly, Disabled and every other person or persons of the Australian Public, in explosive evidence before the Senate Inquiry into the Performance of ASIC, the lawyer James Wheeldon described the corporate regulator as Tainted by Corruption. These Financial Institutions included The National Australia Bank which is the largest share holder via National Nominees of the Bendigo Bank, The Commonwealth Bank, ANZ, Westpac, Bendigo Bank and others. The incestuous ownership of Australian Banks is a danger to all Australians and we are also presented with the even more serious issue of what Foreign Financial Institutions own how much of of our own and that is a Clear and Present Danger to Australias own Financial Stability. This includes the usual suspects JP Morgan Chase, Citibank, BNP Paribas, HSBC and who is always lurking in the Back Ground Goldman Sachs, just to man a few. Read the Whole Story and YOU be the Judge:- smh.au/business/watchdog-favoured-big-business-says-former-asic-lawyer-20140402-35xt9.html Reference Foreign Financial Institutions :- independentaustralia.net/business/business-display/who-owns-corporate-australia,5033 Reference On Political and Judicial Corruption :- kangaroocourtofaustralia/ Source Bank Victims:- bankvictims.au/bendigo-bank/item/10921-bendigo-bank-christine-frankham-this-will-not-go-away
Posted on: Fri, 04 Apr 2014 11:12:29 +0000
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