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RBA to bail out industry super funds, page-16

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06/04/20

20:39

Post #: 43913827
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Originally posted by rocket973 ↑

It might also be smart for large Superfunds not to loan shares to shorters to deliberately drive down valuations of shares. Normally these large Superfunds loan shares for a 10% fee because they themselves don't plan to sell the shares.
Now the shoe is on the other foot, they allowed shorters to borrow shares to drive down the price and now the Superfunds need to sell the shares to pay $10,000/ superannuate during an emergency.
What a joke these large super companies are.
These large Superfunds have caused their own problem, they don't deserve any bailout.
Let them stew in their own juice.

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IMHO it's all about allowing accountants and economists the authority to run the business

Their problem is they don't have a sensible practical bone in their bodies, IE they are clueless about management
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