There are now plenty of stories written about the catastrophic human dimensions of the consequences of the ANZ decision to liquidate $650 million worth of Opes investor shareholdings it claims to own, without any apparent consideration of other possible options.
Even if just a fraction of these stories are true, they provide impressive but depressing evidence that ANZ would be extremely unlikely to pay any attention to independent voices expressing concern about socio-economic impacts of a “development” like Gunns’ pulp mill.
A thorough coverage is available in AFR, April 4, 2008.
Earlier, by Peter Henning: Tasmanian neo-liberalism — A new vision for terra nullius
Read all Peter Henning: Here
FOR THOSE who believe that ANZ can be influenced by social considerations in relation to funding Gunns’ pulp mill, the actions of the bank this week in response to the Opes Prime collapse should serve as a reality check.