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James Wheeldon exposes ASIC on "The Business" ABC 03-04-14.

Posted by on in Australian Securities & Investment Commission
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Dear members

If you don't read Hansard on James Wheeldons exposure of ASIC to the Senators then go to the ABC and watch "The Business" on iview. The reason we never hear about former workers talking about ASIC is that they have to sign confidentiallity clauses to keep quiet when they leave as in Jame's case.

At last someone from the inside exposes how ASIC is the tool of the banksters and how it is the banksters and their lawyers who dictate how the laws are written and applied. James is confirming what we all at BFCSA have long suspected that ASIC is the banksters agent and not a protector of the consumer. Commissioner Price is trying to dismiss these claims but he was a main player when all this occured.

While the greedy banks were ripping us ARIP's off ten years ago they were targetting everyones Super aswell. Evidence given by a Dr Stuart Fysh to the Senators on the 02-04-14 is well worth a read especially when the Senators rip into the DPP straight after Dr Fysh statements. Everyone at the top has been implicated in Tuesdays Senate hearings from Greg Medcraft to all the present Commissioners.

 Thanks to the likes of Michael West and the ABC mainstream media is now getting its teeth into exposing ASIC and lets hope the momentum gathers strength whereby the politicians are forced to act on the Senators reccomendations and now the banksters are exposed as ASIC's puppet masters that they the banksters get penalised as well, maybe thats why the NAB boss Cameron Clyne is retiring now, the writings on the wall.Thanks Neil T.

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  • doyla66
    doyla66 Friday, 04 April 2014

    It's all falling apart for ASIC. They must all have their heads together formulating plans
    on how to get out of the big blow up heading their way.

  • doyla66
    doyla66 Friday, 04 April 2014

    Apparently the Four Corners program on Monday is doing a Banking Industry story,could be very interesting.

  • doyla66
    doyla66 Friday, 04 April 2014

    With the amount of public pressure mounting, the media are starting to come forward. The evidence is not coming only from bfcsa members but from all directions. The once well hidden internal banking and Asic corruption is now becoming exposed. It is now confirmed that Asic is dominated by the banks just as we suspected. Thankyou to James Wheeldon and Dr Stuart Fysh.
    Can Asic wriggle out of this one? I say they are well and truly cornered with a noose around their necks getting tighter with each witness giving evidence against them.

  • doyla66
    doyla66 Friday, 04 April 2014

    http://www.abc.net.au/news/2014-04-03/extended-interview-with-james-wheeldon/5366380
    ASIC is used to dealing with whistleblowers coming forward, but is now having to deal with an insider blowing the whistle on it. The corporate regulator faces accusations it was in the pocket of the big financial services players during a round of super industry changes ten years ago. Lawyer James Wheeldon speaks to Ticky.

    http://www.abc.net.au/news/2014-04-03/extended-interview-with-peter-kell/5366354
    ASIC Deputy Chairman Peter Kell flatly refutes James Wheeldon's allegations. He speaks to Ticky.

  • doyla66
    doyla66 Friday, 04 April 2014

    What a smug, arrogant man is Peter Kell, got an answer for everything, even talked over Ticky while she was trying to ask a question. My God I look forward to him going before the Senators again but poor old Peter just doesn't get it, he is defending ASIC against James Wheeldons claims only, what about all the other vast and varied claims coming from from all walks of Australian society?I loved Ticky's disclaimer at the end of the interview where she says ASIC paid her to be a moderator at one of their conferences, no wonder they need such a big budget.The pillars of the house of ASIC are crumbling and the likes of Peter Kell can only support it for so long until it eventually comes tumbling down and poor old Pete will be a victim of the collapse.

  • doyla66
    doyla66 Saturday, 05 April 2014

    Maybe Peter Kell will get a job post ASIC as a spruiker. He's getting plenty of practice and knows the ropes. ;)

  • doyla66
    doyla66 Saturday, 05 April 2014

    Message from James Wheeldon

    FYI: ASIC Commissioner Kell's response to my Senate statement contained several demonstrable falsehoods. More later.

  • doyla66
    doyla66 Saturday, 05 April 2014

    ASIC are lying so hard I suppose they now know the game is up and they have nothing to lose.
    They are treating the Senators like idiots. The Senators are not happy.

  • doyla66
    doyla66 Sunday, 06 April 2014

    Duped

    This is how ASIC gets around trying to help their Banking buddies and i'll bet anything that the calculator used in mortgage fraud would have had the same type of manipulation by them and their lawyers. These calculators are their to deceive and scam, nothing else. Medcraft and Kell and all their commissioners are now getting screwed, strip them of their employment and set up an independent consumer protection bureau with a specialised fraud section now as this area of their charter is beyond these clowns.

  • doyla66
    doyla66 Sunday, 06 April 2014

    I wonder if poor old Pete as you comment Neil, feels any remorse. Logically he was never going to get away with his and ASIC's corruptness, it was always only a matter of time. Don't believe he is handling the pressure very well. What comes next?

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