Economy
Your hard earned money paid 100 bonuses this year at the Macquarie Bank Christmas BBQ.
They just shouldn’t allow unskilled people to engage in business on behalf of others.
Nurses are best nursing and union organisers are good at organising, why oh why would you allow these people near your retirement money, it is ludicrous, dangerous and bound to fail.
Here is another experience, one of many, where people with limited economic, financial and business experience are appointed to a board like RBF and then try and mix it with cunning bankers like Macquarie Bank.
We see it time and again when our treasurer Aird, how a man incapable of sophisticated financial management is allowed to run the state’s money is a worry, imagine next year with Rene Hidding trying the same stunts.
It is an indictment on the failings of our brand of democracy. If you fail to see that asking elected officials like the RBF board to manage billions of dollars, when their past experiences run to petty budgets below $1million then you are asking for a bail out far down the line, when the next fiscally stupid government is in power.
I resent this outcome, it is a future blight on our financial landscape. It is not fidicuary duty it is fiduciary stupidity.
This is an accident happening in slow motion before our eyes and still no reaction from the public servants who own this money, like lambs to the slaughter, your hard earned money paid 100 bonuses this year at the Macquarie Bank Christmas BBQ.
What will you do when you realize that your money does not exist anymore?