Previously posted: 'Bloody banks we need to guarantee them with our tax payer money, they don't want to bail out third biggest Aussie miner!'
Exactly. As the mantra goes - privatize profits but socialize losses. When is the government going to wake up? The banks will of course take anything they offer. And notice not even an acknowledgment about what a great windfall it was - it was as if they almost thought it was their right. But unless the government demands something in return, and waves a big stick in that demand, they will get nothing in return.
Thanks Bill
OZL Price at posting:
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