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The LMIM Scandal highlights that fact that bankers set up developers to spruik ex pats living and working in Thailand, Hong Kong, UK, some of whom are Australian and others are friends of aussies. All were targeted and spruiked by Gold Coast developer Peter Drake and friends. ASIC has sat on the fence for years as another $1 billion scam emerged and yes Australian Bankers were at the bottom of each of these shocking Ponzi schemes involving the construction industry as part of the wider net of Control Fraud.
No-one was safe from the bank driven free market frenzy. Regulators were captured years ago. We were back to 1950's buyer beware madness and our economy will suffer for this folly. The economy does not belong to politics, it belongs to the people. We just have to ensure we throw out those who abused this system from the political podium.
From Dale McCahon re Low Docs:
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Likewise, my vote is going to Labor because they have been bold enough to go against the Banking Cartel. We all know Banks make massive donations to Political Parties that is a no brainer. But making money is not the job of political parties, their job is to use the money of the people in the best possible fashion to suit the good of the country as a whole. The political party is the very fabric of the well being of its people the catalyst for identifying and policing and where best it be used to keep law and order. It seems to me that the political arena has been turned into a mega game of monopoly a who has the most wins. Aside from our issue of Banking and the associated criminality Labor had and still has the only viable approach to a quality NBN the Liberal version is absolute rubbish and unsustainable. If we all want to be paying for it to be redone vote Liberal. If you want it fixed up now vote Labor. Oh and don't worry about all the jobs that have been lost in the communications industry due to the substandard product being used now they will return under Labors quality product.
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