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Tuesday 26 July 2011
Investing in Toxic Garbage with Taxpayer's Money
Everyone waxes rhetoric on the NBN and its cost. I don't, it may provide a return.
But, what about the facts that the govt has 'invested' $20B in the second biggest housing bubble in the world (China is No1)?
Deadly silence from the media (woohoo here comes a Carbon Tax).
You can read it [and weep] here:
http://www.aofm.gov.au/content/rmbs.asp
How goes it as the bubble unwinds? Downgraded baby. Moody's can see the writing on the wall.
Where have the fish gone Wayne?
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More Houses, more and more carbon emission, What is the need in investing $20 Billion ?
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