Here is an article which blames the regulator for allowing Astarra to go on as long as it did. It is not the only such article.
The article praises the seemingly heroic blogger for uncovering the problems.
Well the article is flat wrong.
1). The regulator it seems has acted with the greatest speed and integrity in uncovering this mess. I have no complaint whatsoever about the regulator.
2). Whilst my letter was the proximate trigger for the discovery of the problems at Astarra I claim no special genius. Sure I worked it out - but it was not complicated. Moreover a reader of this blog tipped me I should look.
I used not to have a high opinion of the Australian regulator - but on this instance I have no complaints whatsoever.
Blaming the regulator in this case is just lazy journalism.
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