Future Fund & the Government gets it wrong, again!
I couldn’t believe what I was reading when skimming through the newspaper tonight. The Howard Government has awarded the $51 billion Future Fund to be managed by a Foreign Bank.
The job of banking manager for the Future Fund will be worth about $30 million a year. The contract has been awared to a Chicago based firm called Northern Trust.
Now, please explain to me as to why the Howard Government would award this contract to a foreign investment firm? Not only is it the biggest single investment for the financial sector ever in Australian history, but was it not 3 weeks ago that Howard said we are leaps ahead of the world when it comes to our Finance Sector?
This is the biggest kick in the teeth to our Financial Sector & the general public so far by Howard. The number of jobs that could have been created.
Howard, resign now! You are an idiot……