Comments on: Why turning mortgage funds into banks is bunkum

By: vanya

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

All this nonsense about bailouts is so idiotic. Everyone knows we can’t afford it. The Aussie consumer is in debt to the tune of $1.88 trillion.

Any turkey can see what coming down the line: a downgrading of Australia’s credit rating at best, or a flat out sovereign default if not this year then certainly next year. I also smell an imminent currency crisis as the Aussie peso looks destined to crash sometime very soon.

By: Graeme L

Graeme L — Thu, 01 Jan 1970 10:00:00 +0000

Well said Glenn Dyer! Your political colleagues have gone strangely silent today after this latest insult to our intelleigence from Kev07.

I just ask why you say that this bit of nonsense is a”mind-boggling piece of bureacratic double-speak.” After all it was Kev07, our illustrious Prime Minister that I saw saying it - and throwing $80million plus into the ring. Maybe he was once a bureaucrat, but now he has risen to greater heights, he has to take ultimate responsibilty as PM for this contribution to the mess.

By: rob

rob — Thu, 01 Jan 1970 10:00:00 +0000

Well the REAL question is
HOW MANY TIMES will the Government try to "solve a difficult situation"
with our access to our deposited money?
(we have had six-of-one, so I guess we wait for the six-of-the-other).

By: JamesK

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

Excellent article and the “idea that is more silly than rational” is going to cost us an additional $87million which can be added to the $75million more of taxpayer funds given to the pleasantly surprised Toyota shareholders a few months earlier.

Yet a another Rudd idea “more silly than rational” or what price an expensive photo op…..