printable version PDF version

Oz financial Institutions freeze run on redemptions
by peptide Thursday, Oct 23 2008, 9:44am
international / social/political / commentary

Australian financial institutions give clearest indication yet that YOUR money/investments are beyond your control! Perhaps a gun to the head of a few directors and executives may clarify matters of ownership!

Witless Oz Treasurer, Wayne Swan

The audacious behaviour of these parasitical, financial institutions indicates much. Principally that major international financial institutions would not hesitate to protect themselves at YOUR EXPENSE!

Retirees that depend on returns from their investments in order cover the costs of daily life – FOOD etc – have been referred to the government ‘dole office’ by the witless Federal Treasurer to ascertain whether or not they ‘qualify’ for support. This response from GOVERNMENT is totally INADEQUATE and UNACCEPTABLE! People are outraged and furious that their funds are now inaccessible. As blood boils and tempers flare some financial executives have found it necessary to enlist the services of security companies!

The unprecedented action by these investment houses not only highlights the fact that our politicians are witless PUPPETS to the corporations but it CLARIFIES beyond ALL doubt the CONTEMPT and DISREGARD that bankers and financial executives have for the public – the group upon which they depend for their survival!

The outrageous action of investment houses ensures that the face of banking and investment in Australia will never be the same again! The extent of the fallout will not be known for some time; however, the implications and consequences promise to undermine trust in the financial sector for decades if not generations to come!

The self-centred actions of these institutions has in fact undermined and weakened the cohesion of Australian society. Good government could have avoided this calamity but unfortunately the nation has not seen competent, representative, democratic government for decades.

It is clear that Transnational financial corporations and the executives that run them will stop at nothing to protect their own interests; however, the fact remains the funds belong to the people/investors and no amount of fine print and financial double-talk will prevent a determined public from accessing their rightful property – you can bet your life on that, banker!

A clear signal has been sent to investors everywhere; if you would avoid the dilemma in which Australian citizens now find themselves it may be prudent to redeem your funds and liquid assets NOW! Be advised.

http://www.theage.com.au/national/go-to-centrelink-swans-advice-on-frozen-funds-20081023-57gk.html