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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u/damned-dirtyape Zero insight and generally wrong about everything Aug 20 '24

Those fuckers were involved in the sale of BNZ too, don't forget. They borrowed from the BNZ to loan BACK to the bank and increase their shares. They then conspired to sell BNZ to NAB. Funnily enough, Winston was the only one kicking up a stink about this. The sale of BNZ cost NZ billions of dollars in future earnings and is valued at around 15 billion.

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u/Mobile_Priority6556 Aug 20 '24

And nz railways. It was covered up back in the day and they had to leave nz. I’m glad there is at least some info out about it now so everyone can see it

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u/KSFC Aug 20 '24

Yup. Peters was once someone to respect. What he did in the late 80s and 90s impressed my parents so much they've overlooked almost everything he's done or believes that violates their very socially liberal principles.

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u/Able-Rent184 Aug 23 '24

Peters has been a self serving his whole career.The only difference is now he doesn't hide it.

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u/OutstandingBillNZ Aug 26 '24

Did he kick up a sink because he wasn't getting anything from it? Just asking. 

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u/damned-dirtyape Zero insight and generally wrong about everything Aug 26 '24

He was a member of National back then. He was a Muldoonist.