Plumbers NZ is New Zealand's largest online plumbing, gas and drainage resource. Plumbing exam help, plumbing news, directory and free quotes.

« Feb Info Brief | ombudsman report »
Pages: [1]   Go Down

Author Topic: What goes around- Comes around.  (Read 1257 times)

0 Members and 1 Guest are viewing this topic.

Offline robbo

  • Hero Member
  • *****
  • Posts: 1259
  • Karma: +83/-7
What goes around- Comes around.
« 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.

Linkback: https://www.plumbers.nz/pgdb-new-zealand-plumbing-gasfitting-and-drainlaying-board/30/what-goes-around-comes-around/1835/
Share Post | Report to moderator   Logged

Offline Watchdog

  • Full Member
  • ***
  • Posts: 214
  • Karma: +27/-1
  • Plumber gasfitter and drainlayer
Re: What goes around- Comes around.
« Reply #1 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?
Share Post | Report to moderator   Logged

Offline Jaxcat

  • Hero Member
  • *****
  • Posts: 1008
  • Karma: +40/-4
Re: What goes around- Comes around.
« Reply #2 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...   
Share Post | Report to moderator   Logged
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

Offline Badger

  • Hero Member
  • *****
  • Posts: 1988
  • Karma: +222/-151
Re: What goes around- Comes around.
« Reply #3 on: February 20, 2015, 05:38:55 PM »
Perhaps some CPD is in order....
Share Post | Report to moderator   Logged
You can't choose who you are.....but you are the sum of your choices.......
Pages: [1]   Go Up
« Feb Info Brief | ombudsman report »

* Share Topic

Share via digg Share via facebook Share via linkedin Share via twitter
 
Share this topic...
In a forum
(BBCode)
In a site/blog
(HTML)