Spacehamster’s Blog

I was originally going to title this “Thank god I’m an Australian”, but considering my parent’s migrant background that probably would’ve antagonised a few too many narrow-minded racist mugwumps.

I’ve just read Jeremy Clarkson’s latest article, and it appears as though he’s put his entire pension savings into…wait for it…AIG. And it appears there are plenty of UK’ers who are in exactly the same boat - whether it be AIG or one of the Icelandic-based banks.

Thank goodness I live in Australia. My superannuation might be hemorrhaging money, but at least it’s still there. And my bank account isn’t likely to go up in a puff of smoke anytime soon…touch wood. It’s odd how so many conservative voters were extolling the virtues of an unregulated market only a few months ago. And yet, it’s now Australia’s regulatory system that’s now being praised for our position in relation to the rest of the world.