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According to a summary provided by the administration, the plan would consolidate an alphabet soup of banking and securities regulators into a powerful trio of overseers responsible for everything from banks and brokerage firms to hedge funds and private equity firms.
Originally posted by Justin Oldham
How much more can our social and poliitcal elites take from us?
How much more can they scam from the treasury?
One way to help ease the pain of this credit crunch could be to get the fifteen billion dollar New Zealand Superfund investing more of its cash in Kiwi firms and local infrastructure projects.
That is of course exactly what National has proposed. Leader John Key says National would require the fund to lift the local NZ Superfund fund investment to 40%.