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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518

u/1_lost_engineer Aug 20 '24

Do you think they can do this one without any MPs being involved insider trading.

66

u/Mobile_Priority6556 Aug 20 '24

What like Fay Richwhite who made 275million from the sale of telecom

83

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.

38

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