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Old 03-08-2017, 09:47 PM
Wavytone
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Wavytone is offline
 
Join Date: Jul 2008
Location: Killara, Sydney
Posts: 4,147
Meh... You'll see lawyers queuing outside the mercedes dealers tomorrow as this means guaranteed fees for years to come.

Our court system is so slow as to be almost useless - look at Obeid for example; everyone knew he was corrupt and should have been locked up decades ago, but the legal process ground along so slowly it only did that for the last few years of his life and even then if terminally ill he'll be let out on compassionate grounds.

My guess is CBA has nothing to fear for at least another 10 years, by which time the current CEO will be retired, the entire board will have moved on, and they'll shift the entire operation offshore to a tax haven where our laws have no jurisdiction. In the meantime we'll have had a stockmarket crash or two to provide some distractions (and more opportunities for the legal money laundering racket that is the stockmarket).

Given the trend to move large enterprises offshore I'm actually surprised banks haven't done that long ago and reduced their presence here to mere websites.
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