Mr Denmore has a cracker of a post regarding the financial press’ fawning coverage of the Abbott government winding back the future of financial advice (FOFA) reforms put in place by the previous government to protect personal investors against “shonks and salesmen masquerading as advisers”.
The financial media tends to serve the interests of the banks, brokers and intermediaries whose job it is to stick you into investments where neither the risks nor extortionate fees are ever explained in plain language.
This is about putting the interests of the thousands of Australians, many elderly and of limited means, second to the banks and retail funds.
What will the Abbott government do next to screw the voters and line the pockets of the plutocrats?
What news story/commentary/analysis has grabbed your attention lately?
As usual for media circus threads, please share your bouquets and brickbats for particular items in the mass media, or highlight cogent analysis or pointed twitterstorms etc in new media. Discuss any current sociopolitical issue (the theme of each edition is merely for discussion-starter purposes – all current news items are on topic!).