medibank private float, page-37

That's the folly of the pro-IPO mob, ddzx. The government could service the interest on a borrowing of $6bn+ right now to fund infrastructure, and that's ignoring potential cost cutting (given Medibank is actually quite inefficient in terms of admin costs). Instead, they'll get a paltry $2bn.

One thing's for sure - I'm gonna be all over this IPO like a company director offered free shares.