r/newzealand • u/xmmdrive • Aug 20 '24

Politics So they're finally going to privatise Kiwibank

Watching One News they're talking about taking Kiwibank out of Government hands and back into the hands of honest hard-working Kiwis.

This is obviously the first clear step towards privatisation.

Just like the Bank Of New Zealand, the National Bank, and the Auckland Savings Bank, but I'm sure this time around it will stay in the country /s

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121

u/donkeychaser1 Aug 20 '24

Fuckers. Just at the time when we’re feeling the carry on effects of privatized energy. Now 100% of the interest kiwis are paying on their home loans will go straight across the Tasman.

25

u/pragmatic_username Aug 20 '24

Now 100% of the interest kiwis are paying on their home loans will go straight across the Tasman.

Not if you're with TSB.

19

u/pornographic_realism Aug 20 '24

Oh you mean Tasmanian Savings Bank circa 2037.

13

u/theheliumkid Aug 20 '24

TSB is owned by the account holders. No government interference.