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Support => PGDB New Zealand Plumbing Gasfitting and Drainlaying Board => Topic started by: robbo on February 20, 2015, 08:41:32 AM

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Title: What goes around- Comes around.
Post by: robbo on 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.

Title: Re: What goes around- Comes around.
Post by: Watchdog on 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?

Title: Re: What goes around- Comes around.
Post by: Jaxcat on 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...   

Title: Re: What goes around- Comes around.
Post by: Badger on February 20, 2015, 05:38:55 PM

Perhaps some CPD is in order....