Comments on: Brumby’s unprecedented $2.7 billion wipe out

By: Jason

Jason — Thu, 01 Jan 1970 10:00:00 +0000

You buried the lead on this one, Stephen. For those of us who don’t live in Melbourne, what the hell are you rabbiting on about? What did Brumby actually do to Tabcorp?

By: Whinging Tom

Whinging Tom — Thu, 01 Jan 1970 10:00:00 +0000

yeah my heart really goes out to them….perhaps we can get Bono and Sting to do a fundraiser concert?

By: Keith

Keith — Thu, 01 Jan 1970 10:00:00 +0000

I love your acceptance of mythology, Stephen. Not everyone lost, if only because most shareholders acquired their shares at much less than current “market price”. In addition, the share market, like every other market, is a “virtual entity”, to use current terminology (we make them up) - something that will upset “market theory economists” , I hope. If people buy and sell shares, they will need to accept the inherent risks; if they “invest” (gamble) on the eternal existence of golden geese, underwritten by the community, they will probably lose in the long run. If a community (we hope through a truly representative government) chose to withdraw, or in this case not renew, the licence of a monopoly, duopoly or oligopoly, they have a entitlement to that course - that is one of the characteristics of licences. If the existing arrangements appear to be to the detriment of the community, any government would be obliged to take such a course.

By: gARrY JoHnSon

gARrY JoHnSon — Thu, 01 Jan 1970 10:00:00 +0000

the gamblers millionaire factory gets what it deserves, why don’t you go and beat up some more home-schoolers

By: David Havyatt

David Havyatt — Thu, 01 Jan 1970 10:00:00 +0000

Mayne - wrong again. Laura Tingle made it abundantly clear that Milne’s hatchet job was his alone - he had the information already and dined with his wife with the Treasurer. I find it hilarious that this item follows the Beacher lead about journalism - you are getting worse at it day by day.

By: mike smith

mike smith — Thu, 01 Jan 1970 10:00:00 +0000

Immoral in the same sentence as gambling corporations?