Irony in a cash cri­sis

Western Suburbs Weekly - - Western Opinion -

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.

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