It looks as though one of Australia’s biggest financial groups are acting well, normal. You see according to ABC news Macquarie group are now denying compensation to clients who were caught up in the group’s financial scandal arguing that they didn’t give personal advice to their clients. How can the big financial corporation’s get away with these types of scandals?
According to Wikipedia ‘Macquarie bank maintains political connections through the appointment of former politicians and senior political staffers to senior positions’.
Macquarie Group also has very large investments in companies like Raytheon who are part of the military industrial complex. Raytheon not only make weapons but offer military training to government, military, and commercial customers. I wonder if President Obama used Raytheon’s training for the moderate rebels that defected to ISIL at a cost of $500 million to the US taxpayer.
The SMH reports Raytheon is not the only company in the industrial military complex Macquarie invests in. And they are not the only Australian financial company to cash in on war.
Now the US government has approved a $1.29 billion deal to the kingdom of Saudi Arabia who wants 19,000 more bombs. Will they continue to bomb Yemeni hospitals and innocent women and children? The SMH also reports that Australian superannuation funds are invested in this war machine.
So one invests in Macquarie who then invests in military companies such as Raytheon who then sell bombs to Saudi Arabia who then on sells them to............ but hey, as long as I get a dividend alls good right.
If one cares about this situation then find out where your super is invested. Most of us have no chance because we cannot withdraw it until retirement age and it sits there getting invested in whatever they want to invest in whether the owner has morals or not.