Thursday 2nd of October 2014

the measure of success of a double-cross is not in how it's done but in the result...

double cross result...

The Palmer-Abbott double cross has shafted the Australian public. If you have one ounce of understanding how this system of deception works you would know how you've been conned..

the measure of success of a secret double-cross is not in how it's done but in the result...

FFF0Auck UP...

 

...

But Mr Palmer has pulled the rug from the government on another incendiary issue - the Future of Financial Advice laws.

The PUP leader said his party was not negotiating with the government to reach a compromise on the laws and would simply not be approving the regulations as tabled.

A government attempt to circumvent an unco-operative Senate by watering down tough consumer protections for investors now appears doomed.

The issue has divided the financial and political communities with banks leaning on the government to weaken Labor's laws which were seen as too restrictive on banks.

Labor has argued its FoFA reforms were aimed at stopping the kind of fraud which ruined the retirement plans of thousands of ordinary Australian investors who sought the advice of the Commonwealth Bank's financial services arm and lost their life savings.


Read more: http://www.smh.com.au/federal-politics/political-news/carbon-to-go-but-fofa-laws-stay-palmer-20140714-3bx9n.html#ixzz37a7ziEGw


This above was yesterday...

Today "Palmer has made a deal with Abboooooott"

Rotten double-crossing scoundrels... They CANNOT appear to be "colluding", but they are definitely dancing together cheek-to-cheek in the same tango...

 

yeah yeah cutting the "red tape" with blunt scissors is still...

 

The Palmer United Party has left open the possibility of backing out of a deal it has struck with the Government over consumer protections in the finance sector.

The warning comes as Labor accuses the Government of losing control and of acting like Clive Palmer's "puppets".

Late yesterday the PUP leader Clive Palmer revealed his party had negotiated with the Coalition over its new rules governing financial advice - granting the Government its crucial votes in the Senate in return for some changes.

Labor had launched an effort to disallow the rules and retain laws it brought in when in Government.

The Labor laws sought to protect consumers from financial planning fraud, like that seen at some Commonwealth Bank subsidiaries which cost thousands of investors a large part of their life savings.

This morning WA PUP Senator Dio Wang said the debate about the Future of Financial Advice (FoFA) laws was "still open".

http://www.abc.net.au/news/2014-07-16/palmers-support-for-fofa-laws-not-guaranteed/5600904

I may be wrong but I would not be surprised if WA PUP Senator Dio Wang had no idea about what the Future of Financial Advice (FoFA) was...

 

one down for the double-cross...

Legislation to scrap the carbon tax has passed the Federal Parliament in a major win for the Abbott Government.

After a lengthy debate, the Senate voted to get rid of the price on carbon, with 39 senators voting for and 32 voting against.

This was the Government's third attempt to scrap the tax since the election - the first two were rejected by the Senate.

The legislation passed with the support of all of the micro-party crossbench, dominated by the Palmer United Party.

http://www.abc.net.au/news/2014-07-17/live-blog-coalition-in-bid-to-push-through-carbon-tax-repeal/5603830

THE IDOTS ARE IN CHARGE!