Monday, April 19, 2010

More Cheek Than A Chinaman

Jane Dipstick must take the prize for all time chutzpa.

Even Neville Chamberlain had enough brains to refrain from publicly complaining that Britain's air force in 1939 was in no state to take on the mighty Luftwaffe.

However Ms Dipstick, the person in charge of policing all the rogues who have fleeced millions of their millions, now finds it necessary to pontificate about the deficiencies in the very regulations she
so dismally failed to administer.
"They're not good enough for it at the moment.

"Investors in Hong Kong and in Singapore have a better regulatory framework of managed funds than we do, and they won't recognise our managed funds framework......."

...........Diplock told Q+A that inadequate regulation was a factor in finance company collapses which have put more than $6 billion of investors' money at risk.

"There are many, many factors that led to the finance company collapses, and the regulatory desert was one of them.

I think we certainly, looking back, could say we needed a better regulatory framework at the time."

She cited a lack of resources as a reason why it has taken so long to take action against finance companies and their directors.

"It's clear that the commission is under- resourced, there's no doubt about that.

In a nauseating display of self serving self righteousness, she resorts to the time honoured excuse of all failures - the blame game. The tools were no good and she didn't have enough money.

Adolf has some news for this jet setting Lady Jane.

The MAJOR factor in the whole fiasco was the failure of her Securities Commission to robustly use many powers it has always had at its disposal. She is a national disgrace, as is the idiot who interviewed her on Q and A and failed to ask the hard questions.


David said...

Holmes was terrible, he should have asked what the hell she was doing moaning about resources when she was off to yet another conference overseas, she is spending 200k a year travelling. Appalling women should have been sacked years ago she was totally silent for 3 years while a whole asset class dissapeared. She has plenty of powers but chose not to use them, she could have suspended all prospectuses for a kick off.

sagenz said...


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Adolf Fiinkensein said...

Fron O'Sullivan's onto this bullshitting Ocker sheila.