The new Liberals leader is just one of many privileged elites who have given us Big Shitpile:
Kathleen Day, a spokeswoman for the Center for Responsible Lending, a consumer-oriented research group, explained the regulatory lapses more starkly: "The job of regulators is that when the party's in full swing, make sure the partygoers drink responsibly," she said. "Instead, they let everyone drink as much as they wanted and then handed them the car keys."Either we learn the lessons from Wall Street today, and make adjustments to our own system, or we go the same way.
UPDATE: And I would love to know who paid whom to insert the following anonymous quote at ABC Online:
Shareholders at the Australian Stock Exchange in Sydney say it is a good time to buy.Are you fucking kidding me????! I think it's about time the ABC started adding journo tags to their stories, so we can at least see who is pulling our chains. Somebody should lose their job for that bullshit.
"I'm not very worried. I think if the market goes down a little bit more and you don't have to sell you may as well just hang in there for the long haul," one investor said.
"I think it's a great opportunity to buy. No risk buying now."