Looking more like Muldoon by the minute and desperate for money, Michael Cullen has just dipped his greedy paws into the so called 'independently' managed New Zealand Super Fund.
By doing so, he has just nationalised your pension fund and turned it into another source of gravy for a spend spend spend and tax tax tax gang of rapists and pillagers. They literally have no idea how to curb spending. They are addicted to it. Given half the chance they will piss that down the drain just like they pissed away nine years of surpluses.
No doubt he will "ask" in the same way he asked the Reserve Bank Governor to refrain from consulting with the opposition leader on the biggest liability taxpayers have ever incurred.
Not content with putting tax payers in the gun for the sins of imprudent bankers and finance company executives, now Michael Cullen is directing the NZ Pension Fund to rashly increase the proportion of its funds which are invested in NZ.
Someone should take him out behind the shed and shoot him. Before they pull the trigger they should tell him some facts of life about risk management.
Thank the Lord this week Adolf will render himself and The Cook debt free.
1 hour ago