Letter Of Demand

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The tables have turned. Ex-CEOs to feel the heat

Summary: 

The previous big bank CEOs must deal with a letter of demand very much like the type sent to victims of predatory banking. Let's see them asked to drop in the keys to their homes and have their lifestyles turned upside down. The tables have turned now that the Hayne Banking Royal Commission has blown the lid on just how much crime and corruption exists in the financial system. Up to now senior bankers could run off with the loot regardless of how much damage clients and shareholders were left with. Decisions made by the CEOs decimated clients and cost shareholders millions if not billions of dollars and yet the bonuses and golden handshakes just flowed on regardless. It has been a boys club where insiders took parasitical pleasure from ill-gotten wealth. Actually - it's more like an organised crime ring ... but regardless - those days are over! The people will not tolerate a crooked finance system being protected by paid off politicians any longer.

Article Information
Author: 
Dr P Brandson
Source: 
Bank Reform Now - Legal Department
Date First Published: 
2 May 2018
Posted By
Peter Brandson
Peter Brandson's picture

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