Comments on: How long can Australia resist giving our banks a helping hand? http://www.crikey.com.au/2008/10/10/how-long-can-australia-resist-giving-our-banks-a-helping-hand/ now with extra source Tue, 24 Nov 2009 17:38:17 +1100 http://wordpress.org/?v=2.8.6 hourly 1 By: Bob http://www.crikey.com.au/2008/10/10/how-long-can-australia-resist-giving-our-banks-a-helping-hand/#comment-6788 Bob Thu, 01 Jan 1970 10:00:00 +0000 #comment-6788 Why are goverment bonds so difficult to acquire? Why are goverment bonds so difficult to acquire?

]]> By: Rosemary Lynch http://www.crikey.com.au/2008/10/10/how-long-can-australia-resist-giving-our-banks-a-helping-hand/#comment-6789 Rosemary Lynch Thu, 01 Jan 1970 10:00:00 +0000 #comment-6789 The stories of the Depression informed my childhood: I am a babyboomer Nurse whose Super had already been savaged by September. With absolutely no prospect to be in the workforce long enough to recoup my Superannuation losses, and having swapped banks from the NAB because their charges on simple depositors were iniquitous, I reinvested my savings in a term deposit at BoQ. <br /><br />I thought seriously about Government Bonds, and just who made it so difficult to invest in Australian Government Bonds? As a child I used to be able to buy them at the post office. Who WAS that, who IS that? And can you explain to me why QSuper's cash rate was so much less than the yield from Australian Government notes or bonds? And OH YES, thanks to John Howard who made it compulsory for me to work well into my 60's so someone else can gamble with my savings.<br /><br />Yep, if KRudd is going to help anyone, he can damn well support my bank if they ever need it. <br />But I hope lots more people invest in them. I have managed not to salary sacrifice, but now to survive, I have to. And object to going to work to have my Super fund lose more than my income each week. <br /><br />I am not panicked, I am deeply angry. Thank you for this Crikey issue in particular. If anyone wants to know why I will be a pensioner soon, do let me know. But do know, I tried, someone else played. Rosemary The stories of the Depression informed my childhood: I am a babyboomer Nurse whose Super had already been savaged by September. With absolutely no prospect to be in the workforce long enough to recoup my Superannuation losses, and having swapped banks from the NAB because their charges on simple depositors were iniquitous, I reinvested my savings in a term deposit at BoQ.

I thought seriously about Government Bonds, and just who made it so difficult to invest in Australian Government Bonds? As a child I used to be able to buy them at the post office. Who WAS that, who IS that? And can you explain to me why QSuper’s cash rate was so much less than the yield from Australian Government notes or bonds? And OH YES, thanks to John Howard who made it compulsory for me to work well into my 60’s so someone else can gamble with my savings.

Yep, if KRudd is going to help anyone, he can damn well support my bank if they ever need it.
But I hope lots more people invest in them. I have managed not to salary sacrifice, but now to survive, I have to. And object to going to work to have my Super fund lose more than my income each week.

I am not panicked, I am deeply angry. Thank you for this Crikey issue in particular. If anyone wants to know why I will be a pensioner soon, do let me know. But do know, I tried, someone else played. Rosemary

]]> By: patrick http://www.crikey.com.au/2008/10/10/how-long-can-australia-resist-giving-our-banks-a-helping-hand/#comment-6790 patrick Thu, 01 Jan 1970 10:00:00 +0000 #comment-6790 What is the accountability of the Future fund?<br /><br />Do we have any idea whether they have been buying this past week? Will we ever? What is the accountability of the Future fund?

Do we have any idea whether they have been buying this past week? Will we ever?

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