[LINK] ASIC to review website blocking procedures

[Frank O'Connor]

Yeah,

But at least Baldrick tries ...    :)

ASIC have overseen some real debacles over the last 30 years ... well, from 1987 onwards.

The amount of corporate villainy, securities shenanigans and outright incorporated fraud and crime that have characterised the Australian markets during that period has probably been unparalleled in the Western world. It makes me wonder how the average punter continues to buy stocks and bonds, invest in various financial products, and whack their spare moolah into superannuation ... and get to sleep nights.

That said, the government has never over-endowed ASIC with resources - especially given who they are supposed to be over-seeing, and from experience it can be daunting walking into a major corporate with just yourself and a colleague, and face a veritable herd of corporate lawyers, accountants, tax managers, financial controllers, executives and their highly paid 'Big 6' minions on the other side of the table. You got to have a certain amount of chutzpah in such situations, and I don't think ASIC is over-endowed with that.

It's much easier, and less risky, to go after pensioners and the unemployed, small investors, blocks of IP numbers and innocent Web site operators if you don't want to offend anybody important.

Just my 2 cents worth ...
---
On 30/05/2013, at 8:24 PM, Richard <rchirgwin at ozemail.com.au> wrote:

> ASIC is the Baldrick of the public service. Always got a cunning plan on 
> hand, nearly never works.
> 
> On 30/05/13 5:35 PM, Glen Turner wrote:
>> Did Greg Medcraft just call Melbourne Free University "criminal fraudsters"
>> and make "no apologies" for that characterisation?
>> 
>> Naive: yes. Criminal: strictly, yes. Fraudsters: that's a big call
>> as to the intent of the people involved.
>> 
>> -glen
>> _______________________________________________
>> Link mailing list
>> Link at mailman.anu.edu.au
>> http://mailman.anu.edu.au/mailman/listinfo/link
>> 
> 
> _______________________________________________
> Link mailing list
> Link at mailman.anu.edu.au
> http://mailman.anu.edu.au/mailman/listinfo/link