The real question now Adrian Orr has left is will the Big Australian Banks (who were angry at his demands for their capital levels) get a stooge who will lower their capital requirements.
Orr was hated by the 4 Big Australian Banks because he was the one demanding they hold high enough capital levels to look after New Zealanders because Orr knew in his heart of hearts that if a serious economic shock hit Australia or NZ that the 4 Big Aussie Banks would immediately cut our throat to protect their own.
No Kiwi can be stupid enough to not expect the 4 Big Aussie Banks who have robbed us blind to cut our throats if they needed to.
That was what Orr was protecting us from, he has been forced out and now we wait to see if the 4 Big Aussie Banks get their stooge.
Under this Government it is impossible to see that they won’t.
The new 4 Big Aussie Banks stooge will immediately lower their capital requirements and we will just wait until the next economic shock top see if Orr was right to protect us.
I don’t think we will wait long to find out.
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The Press.
NZ banks ‘some of the most profitable in the world’
https://www.thepress.co.nz/business/350094635/nz-banks-some-most-profitable-world
Business Desk / BNZ.
How to fuck over our primary industry then make a run for it over to the dirty Aussies.
Part 2 Showing pervert Brierly, the titan of industry smirking away
https://businessdesk.co.nz/article/the-life/looking-back-bnz-part-2-rob-campbell-frank-pearson-and-the-bank
Part 6.
Oh look? Tricky Micky Fay.
https://businessdesk.co.nz/article/the-life/looking-back-bnz-part-6-the-bank-adopts-fay-richwhite-proposal
Wealthy AO/NZ banks now Australian owned bleeding out our primary industry then borrowing money off-shore to re lend to same to hide/launder their crimes. Meanwhile, the australians can place their boots on the necks of our primary industry farmers while shielded by rorted NZ ‘investors’ i.e. urban home owners unaware that they’re feeding their own worst enemies who are proud of the fact that they’ve sold every borrowing, home owing Kiwi into unpayable debt for the rest of their lives. Which, of course equals control over the last paradise. Our Aotearoa / New Zealand.
Nationalise or New Zealandise and declare a public holiday on the day it’s done. Like Labour has Labour Day, Winston could have NZ First Bank Day.
End up like this: Les Miserables – The Final Battle
https://www.youtube.com/watch?v=4ILI27rfwtM
followed up by a rundown of socialism showing its OTT with a lot of slop that ignores the reality of human traits as if Marxism and Communism was no good at all and the opposite is? It is sponsored by something called hillsdale and then there are other sponsored messages.
It’s interesting as a way of manipulating our minds – placed behind the vid of the fighting French people being shot down by superior cannon and legitimate uniformed forces. (Voltaire quote about murder!)
I’ve never found you comprehensible for the most part. I know I was the same in the day but I clarified up.
Nationalise or New Zealandise and declare a public holiday on the day it’s done. Like Labour has Labour Day, Winston could have NZ First Bank Day.
Im sure the dwarf from Dipton will be a front runner as they need a clown like him to finish the job of fucking the NZ economy .The other one will be ferret Goldsmith who at least was the smoko boy at treasury for a while .
Listening to an economist on Newstalk ZB yesterday arvo, he hated Orr, especially critiquing him for his focus on climate change and ‘woke’ things. I’d be interested in a Left view of him.
As I understand it he overdid the freeing up of money during and after covid and then called a severe brake. But it was the same all over the world.
Which economist? From a bank? More information please.