Treasurer says; it's Aust Office of Financial Management (AOFM) will not be making any new (immoral) investments in residential mortgage-backed securities (RMBS).
Denise, govt must have heeded your revelations to Senators in Parliament 8th Aug, 2012 raising endemic abusive mortgage fraud; issued directive in Aug, 2012 to stop buying-up banker-engineered-loan-fraud. You are right when you told the Senators: "Government cannot, ought not to profit from a fraud."
Maintaining semblance of sovereign integrity govt says,"it will not entertain (RMBS) sales that undermine improvements seen in market", lest racketeering compounded were AOFM seen 'off-loading' $15.5b of known fraud-infected-mortgage-pools.
Remarkably, 'captured' ASIC lay comatose, electing to turn-a-blind-eye to rampant unjust repossessions; tell consumers "find a lawyer", enabling the govt's partners-in-crime, bank CEO's - unjustly paid as 'mortgage managers - $100m golden-parachutes to revel in 6*retirement, obtained mercilessly pursuing 1,000's of unlawful foreclosures thru immoral lawyers Gadens, against hapless indigent home-owners, unwittingly snared in a diabolical mortgage-trap designed by narcissistic sociopaths your local vet should "put-down" inhumanely asap....
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This will probably disappear from public discussion in the new parliament. Such is the nature of politics. The former government w -
This is yours, mine and ours.......thanks to our friendly ASIC and their Bankster Mates. When this reaches the light of day I wond