there is a genuine market failure. post Jadel,"The commission...

there is a genuine market failure.
post Jadel,
"The commission said the government should not be providing assistance that benefited specific companies or industries without wider benefits to the economy and should only provide funding where there is a genuine market failure.


MFS PIF Octaviar seems to illustrate one such
genuine market failure
to be UNable to fund the development/building industry without tapping into NZ and OZ super and
hoping for smooth running/putting assets at risk of..
hedgies, shorters, and other delays or vultures getting in before projects are sold/operating ie making a return etc.

The risk isnt being accounted for or compensated for and desparate too risky ventures are offered to the lender of least resistance ie unsuspecting, uninformed, general public....if this wasnt the case the banks would extend the loans imho.

Now GFC has revealed some truths and we continue to throw good money( court proceedings)after what has been shown to be shakey exploitable game plan of past funding/lending for building projects.
WHO is changing the lending rules? or protecting a few industries and overseeing the lending gathered from the general public?
NOT MUCH HAS CHANGED...imho

Maybe a few legal regs have been tweeked but nothing BIG is happening, like gov garuantees for authorised projects or special oversight of projects that FUNDs invest the publics super in OR something about market manipulation ranges or director margin loans or ...
Inform the public how things are being protected, observed, guided, guaranteed? Thats what our government should be doing,imo.

Juggling around their budjet and changing deptartment responsabilities isnt going to save the nation or focus on the revealed and particular needs or weaknesses in this area of the countries finance/investment/wealth management. Musical chairs whilst the city around comes crashing down?

but i do hold out hope that all the investigations do amount to a better stronger funding/investing model with regulators involved productively throughout.... instead of mopping up the messes after each big disaster.