Dear Campbell Live, The government bailout is a fraud. A fraud against New Zealanders. It is the worst kind of socialism, socialism of corporate giants getting "FREE" money. I say "Free" in commas because someone pays, that person is the ordinary citizen. The statutory governance of Hubbards company should of been illegal, but as it is not. I will say this, this akin to a person with a mortgage having someone from IRD move into their house and say, you can't, work, you can't re-mortgage, you can't do anything. And then when the bank puts you up for a mortgagee sale due to non-payment, the same IRD person turns to you and says "Geez, look what you've done, you've lost your house?" Who's fault is this? Ultimately Mr Hubbard choose the wrong people to run his company as someone on the inside (maybe CEO of Canterbury Finance) asked for statutory management in order to squeeze Mr Hubbard out and buy his company for a song. Now the creditors have it. Who ends up with the assets? (will be interesting) What's the end game for the government? It is clear they are setting NZers up to a compulsory Super Scheme, with no choice on your part where your money goes. I would advise people to invest first in Financial Knowledge rather than trust corporations or governments to save them or their money. It is after all an individuals responsibility, right and choice to govern themselves and their funds. Sincerely, George Fortune.com p.s: Who can blame corporations from signing up to a scheme if you got free money. If you had a insurance scheme that said, if you put some money into an investment and it goes wrong, don't worry, we'll pay your creditors, would you join up? The only question you would ask is, "where do I sign?"