||Issue No. 246||12 November 2004|
How It Comes To This
Interview: The Reich Stuff
Economics: Crime and Punishment
Environment: Beyond The Wedge
International: The End Of The Lucky Country
Safety: Tests Fail Tests
Politics: Labo(u)r Day
Human Rights: Arabian Lights
History: Labour's Titan
Review: Foxy Fiasco
Poetry: Then I Saw The Light
The Locker Room
Letters to the Editor
What about the real crooks?
The mainstream press makes such a fuss over David Tweed - the man who "tricks" elderly Australian's to sell there shares in companies way below market value.
The capitalist press is disgusted at Tweeds most recent exploitation of a "loophole in the Corporations law".
He wrote letters to 6200 elderly shareholders who held shares in aged care company Aevum proposing to buy their stares at 35c a share - 55c below the prospectus offer price of 90c.
He has used the same modus operandi on other companies, like the NRMA.
The companies are usually ones where inexperienced punters become shareholders by accident when the institutions are demutualised.
He then takes the punters to court when they smell a rat and try to back out of the deal.
The Federal court last week was told the punters were at fault and may have to pay up.
What about the systemic exploitation we all suffer under capitalism, by Porsche driving wankers who conspicuously display their own selfishness when cruising the Northern CBD of Sydney.
They stoop to more insidious and large scale scams and cons than any mildly pathetic shonk who is obviously, from TV footage, an oddball.
I'm talking about the foreign exchange dealers, bankers and insurance brokers who produce NOTHING for our society and yet have all the money and power, while the teachers, police, nurses and clerks of the world struggle to pay their mortgage on a house on the very edge of the metropolis.
It is a disgrace and it is getting worse. Why hasn't Adler or Williams et al from HIH or the James Hardie criminals been subject to the same treatment.
When is the government going to get a backbone and ensure all Australians have a fair go.
It is a disgrace.
Give me Tweed any day.
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