Front page of todays Australian.Super funds TO BE COMPELLED to buy State and Federal government assets to free up capital to the private sector. Now who wants some shares in Qantas for their super fund. It won't be long before super funds are transferred to government to fund their election promises for the future. When they have the super funds, then the bail in can start. Regards Errol 43
I take it government bonds would be classified as a government "asset" in this situation? If so it's straight out of the Polish handbook
It's paywalled but the below is from http://m.theaustralian.com.au/natio...up-public-assets/story-fn59niix-1226797692332
Can't read the full article but from the blurb it sounds like the super funds are lobbying the govt to sell them the assets where do you get "Super funds TO BE COMPELLED to buy State and Federal government assets" from ?