Jul
23
Aussie Flexions, from Craig Mee
July 23, 2011 |
The embarrassing aspect of this particular instance is the leak of market-sensitive information came from the ranks of the government or the legion of public servants who were aware of the details of the carbon tax package before it was released to the public on July 10.
Politicians don't understand investment markets and never have. But asking their own regulator to police a market that Canberra abuses is outrageous. Having played with selective leaking of information, Canberra has a nerve asking its regulator to get tough on insider trading.
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