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« Feb Info Brief | ombudsman report »

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robbo

February 20, 2015, 08:41:32 AM
hi guys, we lost $2mill the govt lost $200mill... cheers
..Almost $200 million in taxpayers' money invested through the New Zealand Superannuation Fund has been lost after the collapse of a Portuguese bank where the money was invested - supposedly as a "risk-free" loan. However, an unusual retrospective rule change in Portugal had resulted in the insurance being voided.

Linkback: https://forum.plumbers.nz/pgdb-new-zealand-plumbing-gasfitting-and-drainlaying-board/30/what-goes-around-comes-around/1835/
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Watchdog

#1
February 20, 2015, 01:06:49 PM
Surely one of the government appointed EXPERTS should have picked up on this. I wonder if anyone will be held accountable?
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Jaxcat

#2
February 20, 2015, 01:57:13 PM
Watchdog - surely you jest - Accountability and the Government - those words aren't meant to be used in the same sentence.  Politicians have more Teflon coating than pots and pans.  More ordinary NZ'ers money down the pan...   
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Have you learned lessons only of those who admired you, and were tender with you, and stood aside for you?  Have you not learned great lessons from those who braced themselves against you, and disputed the passage with you?  (Walt Whitman 1819-1891)  American Poet

Badger

#3
February 20, 2015, 05:38:55 PM
Perhaps some CPD is in order....
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You can't choose who you are.....but you are the sum of your choices.......
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