Analysis: heads should roll at ASIC for six wasted years

If no-one at the Australian Securities and Investments Commission quits over the failed prosecution of Fortescue Metals Group and Andrew Forrest then someone ought to be sacked.


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Well said Tim. Never truer words. There are a lot of really bad boys (and girls) out there scamming the market but ASIC appears to be focused on high profile cases. The cost of this painful pursuit must have amounted to over $30 million and is not money well spent.

I am becoming increasingly disturbed by the way the ABC is so obviously biased in its reporting. Was it always this way, or have I become wiser/more cynical? It seems to be a strident advocate of cutting down those it perceives as tall poppies, or anyone that does not blithely follow their particular views, from commentary to comedy.

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