hastie in receivership, page-3

I still have this big question in my mind whether the magnitude of the recent write downs are legal and above board. Whoever decided the write down amounts ... I wonder if they regret it now.

Also what does this mean 'Fairfax also reports that Australia’s big four banks are staring at write-downs in the vicinity of $250'?

Does this mean the banks are asking the same question I'm having in my mind?

If there are any crooks behind all these I hope the regulators manage to find enough evidence to bring them to justice.