Act1stNational can't help themselves. By its existence as a
government owned Bank, Kiwibank has been able to provide a mild
element of competition to the privately owned banks in New Zealand -
bit not enough to avoid New Zealand banks being more profitable than
the parent banks in Australia. So the government is now planning to
partially sell Kiwibank off - we have seen what happens with the
electricity companies - they will sell at a cost which guarantees a
quick sale, many of the purchasers will be from overseas, and Kiwibank
will join the very cosy but very quiet cartel that makes good profits
to shareholders at the expense of higher profit margins . . .

The reality is that Luxon and Willis are getting desperate - they gave
away too much money to landlords and other political supporters, and
are now reaping company closures and unemployment and a failing health
service from poor government decisions - and now they want to make
more problems!

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Rich80105 <[email protected]> wrote:

Act1stNational can't help themselves. By its existence as a
government owned Bank, Kiwibank has been able to provide a mild
element of competition to the privately owned banks in New Zealand -
bit not enough to avoid New Zealand banks being more profitable than
the parent banks in Australia. So the government is now planning to
partially sell Kiwibank off - we have seen what happens with the
electricity companies - they will sell at a cost which guarantees a
quick sale, many of the purchasers will be from overseas, and Kiwibank
will join the very cosy but very quiet cartel that makes good profits
to shareholders at the expense of higher profit margins . . .

The reality is that Luxon and Willis are getting desperate - they gave
away too much money to landlords and other political supporters, and
are now reaping company closures and unemployment and a failing health >service from poor government decisions - and now they want to make
more problems!

A simple bit of management. Done by many companies (Kiwibank is a company). They are raising capital - just like so may companies do.
You should be delighted, you have always wanted Kiwibank to develop into a bigger player.

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On 2024-12-10, Rich80105 <[email protected]> wrote:

Act1stNational can't help themselves. By its existence as a
government owned Bank, Kiwibank has been able to provide a mild
element of competition to the privately owned banks in New Zealand -
bit not enough to avoid New Zealand banks being more profitable than
the parent banks in Australia. So the government is now planning to
partially sell Kiwibank off - we have seen what happens with the
electricity companies - they will sell at a cost which guarantees a
quick sale, many of the purchasers will be from overseas, and Kiwibank
will join the very cosy but very quiet cartel that makes good profits
to shareholders at the expense of higher profit margins . . .

The reality is that Luxon and Willis are getting desperate - they gave
away too much money to landlords

All that they did was to apply some logic, and put things as they were
before Labour Government did what it does best, mess things up.

After all with some costs increased who do you think was going to bare the cost, the renters. Still these are no longer cared for by Labour.

So drop all this rage Rich and we can then move on.

and other political supporters, and
are now reaping company closures and unemployment and a failing health service from poor government decisions - and now they want to make
more problems!

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On Tue, 10 Dec 2024 17:27:28 +1300, Rich80105 <[email protected]>
wrote:

Act1stNational can't help themselves. By its existence as a
government owned Bank, Kiwibank has been able to provide a mild
element of competition to the privately owned banks in New Zealand -
bit not enough to avoid New Zealand banks being more profitable than
the parent banks in Australia.

That's because Kiwibank was always a political invention - the Jim
Anderton Memorial Bank conceived purely as a result of the demands of
a coalition agreement between the Jim Anderton Party (aka The
Alliance) and Labour in 1999. There was, and is, plenty of existing
NZ-owned banks but Jim wanted his own and got it. Now what was that
you were saying about small coalition parties having influence on
government direction disproportionate to their size?.

So the government is now planning to
partially sell Kiwibank off

One option but not the only one. A partial sellout may well not
succeed.

- we have seen what happens with the
electricity companies - they will sell at a cost which guarantees a
quick sale, many of the purchasers will be from overseas, and Kiwibank
will join the very cosy but very quiet cartel that makes good profits
to shareholders at the expense of higher profit margins . . .

Your baseless politically-motivated rhetoric is showing Rich. No
doubt your real wish is for you and me (assuming you pay taxes) to be
compelled to be an investor in the expanded Kiwibank.

The reality is that Luxon and Willis are getting desperate - they gave
away too much money to landlords and other political supporters, and
are now reaping company closures and unemployment and a failing health >service from poor government decisions - and now they want to make
more problems!

Pointless political rhetoric. On what basis are the National party
getting desperate Rich? When faced with Labour, the watermelons and
the Maori Party in Parliament there is no credible opposition.


--
Crash McBash

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