John Dagge of the Herald Sun (Full Story)

Reports the ANZ boss as saying that it is clear that many investors in the failed rural lender Banksia believed they were dealing with a bank.  "A number of these institutions were perceived as being banks when they were not", Mr Mike Smith yesterday.  

(NB: Mr Smith earns $5,600,000 a year which is $15,300 every day, 365 days a year.  Wonder if he can afford a turkey for Christmas?  Oh, that's right, he's got thousands of turkeys, commonly know as 'customers')