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Mar 19, 2014
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Toady’s legislation will make financial planning only marginally more polite than handing our money over at gunpoint.
That’s an excellent portrait of Matthew Rowe, Firsty. A surefire entrant for The Archibald.
As I understand the case for the amendments, they include enabling the consumer to avoid up front costs of financial advice by agreeing that such advice need not be subject to a ‘best interests’ duty.
You only have to say it out loud to start laughing. Why would anyone ever fall for such an obvious ploy ? Because ‘agreement’ consists of signing the sort of terms and conditions everyone signs without reading.
I wouldn’t actually believe anyone knowingly accepted such terms unless they read a public statement to that effect on the steps of Parliament accompanied by before and after brass bands and a jet flyover (a la the grand pricks ‘celebration’).
Boy have I got a deal for you. It’s a FOFA too good to refuse.
You just know there’s a problem when Chris Berg and the IPA support changes like this. Never mind the detail, you just know.
Fee-fi-fofa-fum, they smell the cash of the old and dumb…
Hmmm. Sharks vs Marks. Guess which we are. Now do the 51% of gullible morons who voted for this clutch of Carcharhinus leucas get what they have done?
That final frame is a ripper FD.
Imagine Tony actually answering the door to some decent thinking Australians……..Hilarious.
BTW I have to agree with Zut. You’ve captured Matthew Rowe to a tee.
A “Clivegina” is my new favourite currency unit. Maybe we’ll be forced to cash-in our absurdly valuable Dutch-diseased riddled AUD’s for a small cut of these spilling from the vat.
Maybe Tory Abrupt will ensure we all get paid in Water. Dont know about you Firsty, but boy dogs seem the have plenty of water holdings. Are you on the water train too? Tory only uses boy dogs so there was more than enough water holdings to go round.
Have you sent the box of mangina tissues to princess blart yet? Make sure you add some cement so he can use his water holdings and toughen the frack up.
F Off, Financial Advisers
It’s bad enough Ticky Fullerton & The Business thinking David Buik is the only pommie economist and Murdochophile worth interviewing in Europe, now you’ve got him – in Box 5?
Ways Toady could be different …….
“…. so someone said “I’m not full yet. Let’s poach all those pensioner’s nest eggs” …. and those wizened fossilised plebs left, all lived happily truncated ever after, in the salt mines, where the retirement age is yet to be finalised, on Toady’s welfare benevolence!”
oower oower oower,
a man fell down the sewer
pulled the chain
and up he came
covered in proceeds of crime.
DRMICK: I’m almost sure I read (in Crikey and about a year or two ago) that one of these mad/greedy/obscene/clever, if you like this sort of cräp,) American religious sects control a huge amount of OUR water rights. Rivers, irrigation and such like.
It is a sect which has had a lot of trouble with people who have seen through them and write the odd book or two about their mind-numbing experiences. I’d give you the name if I could remember it.
Rereading your comment I think you know about this scam. Would our beloved leader, giant ears Rabbott tackle people with loads of money and an unseemly amount of power? You betcha!
DRMICK: My final “You betcha!” was meant as irony. In other words would he support Ginaballs? Ha, Is the Pope a Catholic?
Commentators get excited when they can identify hubris in a government. This most often occurs in a third term and is electorally fatal. Congratulations must go to the Tony government for achieving it in the first few months – they clearly believe that they don’t need to listen to the financial planning or indeed the forest industry because they know what’s best for everyone.
Wasn’t there a recent Crikey article about how useless financial advice is? Something around a talk given to Google employees? Anyway, don’t use them.
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