Irony in a cash crisis
LOW interest rates are hurting retirees who will be forced to draw down on their savings to survive.
The irony is that the people predicting and recommending lowering rates and other austerity measures are the very same people who caused this crisis in the first place.
They are the merchant bankers and rating agencies who are still drawing on their so-called performance-based mega bonuses.
Wake up Australia, before it is too late. P.G. Cooksey, Coodanup.