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6 Comments
Am I the only one that is uncomfortable with an ex Prime Minister being chairman of the largest bank in the country; who I might add aid and abated the growth of their loan book and profits by more than 50% during his tenure as head of state.
The guy clearly has no conscience.
It's called a revolving door.
Work for government in banking sector (take it real easy on the banks) -> Get a well paid job at a big bank, help influence the government with your inside contacts -> When the economy takes a downturn, go and work for the government to help sort the banks out (read: hand them lots of money) -> Once that's all sorted out go back to an even higher paying bank job...
All Politicians are as bad as each other.
National gifted their supporters hugely inflated prices for the property that bought up in Christchurch's CBD, for a dream scheme that was never going to work. Only some tenants can afford new build rents. Most of the new builds are occupied by additional government sponsoring.
Government advisors would have known the truth, but their advice never made the reports or the reports have long gone in the shredder.
Meanwhile, they left people living in garages for up to 7 years.
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