Tuesday, 14 October 2008

LABOURS DEPOSIT GUARANTEE SCHEME IS A CROCK

Queen Bee at Wellington Hive does some further analysis this morning and it doesnt look good.

It was as Roarprawn expected - a very badly drafted piece of legislation.

Investment guru Chris Lee said on RNZ this morning, that it will be lapped up by the finance companies and skew the market.

We also note that this issue was of so much concern to QB that she got out of bed at sparrow fart to post on the changing face of the Global Credit crisis.

Wellington Hive is a must read for all journalists and investors this morning - read it and weep.

1 comment:

pdm said...

BB - it is a long time since this Government passed any properly drafted and prepared legislation. THey really only do quick and shonky without proper consultation.