Open Forum – Tuesday


5 June 2018

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70 Comments

  1. Blazer

     /  June 5, 2018

    new optimist journo at Stuff…..rates ‘squeaky’ Bridges a huge…hope..
    https://www.stuff.co.nz/national/politics/opinion/104442403/simon-bridges-leadership-is-going-ok-so-far

    Reply
  2. David

     /  June 5, 2018

    Trump is celebrating 500 days in office, others are celebrating too, so just a couple of highlights from what has been a remarkable and interesting time.
    ISIS near defeated, US Embassy moved to Jerusalem, lowest black unemployment ever, lowest hispanic, unemployment ever, lowest unemployment rate since 1959, biggest tax reform bill passed, ditching of the individual mandate, huge increase in military spending, North Korea at the negotiating table, 4 quarters of near 3% growth, 6 regulations cut for every new one introduced, excellent new supreme court justice, first ever woman CIA boss, right to try bill passed, increased benefits for mothers returning to work, food stamp applications halved…I could go on but for the haters focus on the real world results not the words.

    Reply
    • David

       /  June 5, 2018

      I shall be in the US on Saturday to join the celebrations and purchase as much MAGA tat as I can fit in my suitcase and report back on how brilliant the country is doing.

      Reply
    • Blazer

       /  June 5, 2018

      ‘ISIS near defeated’…a bit like…’mission accomplished’!

      Reply
    • Corky

       /  June 5, 2018

      Beautiful, just beautiful, Dave. Maybe on his way to being one of the greatest US Presidents of all times. I’m sure President Trumpy would agree.

      God bless America and the American Way. Our defence of the realm depends on that great ideal.

      Reply
      • lurcher1948

         /  June 5, 2018

        Melania Melania you haven’t left him have you,now that would be a laugh

        Reply
        • Corky

           /  June 5, 2018

          Yes, it would be a laugh. However, most Americans want results…with, or without, the First Lady.

          Reply
      • Gezza

         /  June 5, 2018

        We’d possibly get a better deal for Russian guns & equipment.

        Reply
        • Corky

           /  June 5, 2018

          If we get booted out of the Fives Eyes ( we should), then why not. But damn, you can’t beat America for hardware..and the American Way.

          Reply
          • Gezza

             /  June 5, 2018

            If they can jam their electronics somehow the yanks wouldn’t know where they were and would possibly sink their own supercarrier? The Chinese might have something up to the job by now?

            Reply
  3. Blazer

     /  June 5, 2018

    Commonwealth Bank of Australia CBA …parent bank of ASB,only criminally breached the law…53,000 times,money laundering and financing terrorist organisations…and gets a FINE!
    Should bundle up all the overpaid executive thieves and parasites and give them hard jail…time.

    Reply
    • High Flying Duck

       /  June 5, 2018

      What is needed is a good dose of socialism – that way the Government can rort the people with no oversight so we don’t have to worry about it.

      Reply
      • Gezza

         /  June 5, 2018

        Why shouldn’t some of those assholes be doing jail time? You haven’t adressed that.

        Reply
        • High Flying Duck

           /  June 5, 2018

          If they have been criminally negligent then damn right there should be jail time.

          The fine seems too low also.

          I’m not sure the extent of the issues here. It appears the issue was insufficient oversight and reporting to authorities which enabled the laundering to happen.

          How much culpability should be attached to that is tricky – should you be jailed for not reporting a potential crime?

          That said, this situation moves beyond that and banks have special responsibilities.

          “The settlement includes an admission that CBA failed to properly file more than 53,000 reports to Austrac over cash deposits of more than $10,000 in its ATMs. It also admitted that 149 “suspicious matter reports” were filed late, or not at all, and owned up to failings in its risk management and ongoing monitoring of customers.

          As part of the settlement, CBA said during the time it had failed to introduce a daily limit on how much customers could deposit, “several million dollars” of money-laundering occurred through its “intelligent” deposit machines.”

          CBA also admitted it had been too slow to close an account it suspected was linked to terrorism financing. Austrac said it suspected there was “significant further” laundering through CBA accounts that went undetected and unreported.”

          Reply
          • Blazer

             /  June 5, 2018

            You may not be sure of the extent,so I will spell it out for you.The crime was not committed once or twice.or even a dozen times by a so called ‘rogue banker’ that ex CBA chief Ralph Norris used to use as an excuse….just one of the ‘oversights’ occurred FIFTY THREE THOUSAND…times.

            Reply
            • Alan Wilkinson

               /  June 5, 2018

              To make a mistake 53,000 times you need a computer. Then it is easy.

            • High Flying Duck

               /  June 5, 2018

              A meaningless measure though – the system was not in place so it happened continuously over a period of time.
              I’m not going to minimise the crime. Just stating it’s problematic determining penalties for these types of situations.
              The bank was not engaging in criminal activities, but negligently enabled the proceeds to be laundered and profited from it. I’m not sure if that is jailable or not, and if so who should be sent.
              But serious punitive action is required and I personally think the fine is too light to be a significant deterrent.

      • Blazer

         /  June 5, 2018

        the right wing Govt resisted this commission big time for years,but the misfeasance was too widespread and had to…blow.
        As for oversight,the Key Govt took 10 minutes to decide SCF investors had to be bailed out ,including interest….$1.7bil of taxpayers money to rescue the Fendalton.mainland mafia from losing their shirts.
        ‘All done in the best possible..taste..risk and reward…what dat?

        Reply
        • Alan Wilkinson

           /  June 5, 2018

          There was no decision to make unless you want the Government to break the law? SCF had legal coverage under a scheme implemented by your Labour government.

          As you well know but as usual deliberately misrepresent. Do you wonder why you are disrespected?

          Reply
          • Blazer

             /  June 5, 2018

            perhaps you can provide a citation showing where SCF HAD to be admitted to the scheme and investors paid out ,including interest.I’m sure you can’t.That is why 6 is a good moniker for you…the boundary…beckons!

            Reply
            • High Flying Duck

               /  June 5, 2018

              Original Guarantee
              The Minister of Finance announced the establishment of the Crown Retail Deposit Guarantee Scheme on 12 October 2008. In October 2008, the
              Minister delegated to the Secretary to the Treasury the authority to give in writing guarantees as part of the management and administration of that
              Scheme, such guarantees to be in such form as the Secretary to the Treasury may from time to time determine. On 22 October 2008, the Minister
              issued Policy Guidelines for officials to use when assessing applications. The Policy Guidelines set out what types of institution would be eligible for the
              guarantee and what criteria and other factors may be considered by officials when assessing an application.
              SCF applied for a guarantee under the Retail Deposit Guarantee Scheme on 14 October 2008. Further information was sought routinely during the
              processing of the application. The Reserve Bank reviewed the application and obtained further information, including a letter from the trustee, Trustees
              Executors Limited dated 4 November 2008, which raised no issues of concern. The Bank provided advice to Treasury on 6 November 2008 that SCF met all of the relevant criteria set out in the Policy Guidelines. The Bank further confirmed that it had no reason to believe that SCF should not be invited to enter the DGS.
              Having taken this information and the Policy Guidelines into account, and having made an assessment of the public interest generally, the Treasury
              decided to approve the application on 19 November 2008. The guarantee deed was then signed and posted on the Treasury website.

              https://treasury.govt.nz/sites/default/files/2010-10/scf-chronology-oct10.pdf

            • Blazer

               /  June 5, 2018

              @HFD,notwithstanding the fact that the election that National won was on 08/Nov 2008,the payment of interest to investors was not mandatory.You seem to specialise in trying to rescue Al and PDB,but not this..time.

            • Alan Wilkinson

               /  June 5, 2018

              You specialise in confusing depositors and investors and making false statements.

            • Blazer

               /  June 5, 2018

              @Al…lets see you make the depositors/investors distinction in this…instance…go.

            • Alan Wilkinson

               /  June 5, 2018

              Retail depositors were covered by the Government guarantee. Investors in preference shares or corporate bonds were not.

            • PDB

               /  June 5, 2018

              Blazer: “You seem to specialise in trying to rescue Al and PDB,but not this..time”.

              Don’t need ‘rescuing’ Blazer as your uninformed comments are easily discredited with facts. Unfortunately you personally are beyond rescuing….

            • Blazer

               /  June 5, 2018

              @Al…’Debentures have no collateral. Bond buyers generally purchase debentures based on the belief that the bond issuer is unlikely to default on the repayment.

              Debentures are the most common form of long-term loans that can be taken out by a corporation. These loans are repayable on a fixed date and pay a fixed rate of interest. A company normally makes these interest payments prior to paying out dividends to its shareholders, similar to most debt instruments. In relation to other types of loans and debt instruments, debentures are advantageous in that they carry a lower interest rate and have a repayment date that is far in the future.

              ‘As of December 2009, SCF had $1.55 billion of deposits and debentures which were guaranteed under the government’s Crown Retail Deposit Guarantee Scheme until October 2010.’

              try harder.

        • Alan Wilkinson

           /  June 5, 2018

          Oh, and the bailout covered the small Mum and Dad retail deposits, not shareholders or the “Fendalton mafia” – as you also well know but choose to misrepresent.

          Reply
  4. lurcher1948

     /  June 5, 2018

    Some like it hot

    Reply
  5. Corky

     /  June 5, 2018

    Holy, beanies delight…just seen Paula Bennett on the front of the latest NZ Women’s Weekly.
    She’s lost 30kgs and the ‘piggy faced’ look has gone. I always said under the blubber she’s an attractive women. In my opinion she’s easily Jacindas equal in looks. Two ladies in front of me were also looking at the cover. One said to the other ” I bet she’s had plastic surgery.’ Hey, who knows? Whatever, all of a sudden Crusher is looking decidedly ‘frumpy’

    Reply
    • Gezza

       /  June 5, 2018

      She’s married I think Corks. To some bikie or something.
      You’ll just have to keep looking. 😐

      Reply
    • Blazer

       /  June 5, 2018

      her popularity is dropping faster than her weight Corky.Despicable woman whose sum total contribution to NZ politics is…’zip it sweetie’.
      An irredeemable, creosoted,creature whose real talent was as a truck stop..service worker.

      Reply
      • High Flying Duck

         /  June 5, 2018

        Not everyone can scale the heights you have Blazer. Just remember the little people as you look down from your pinnacled mountain of achievements.

        Reply
        • Blazer

           /  June 5, 2018

          how high do you fly…Duck…btw…I’ll opt out of the…trickledown.

          Reply
          • High Flying Duck

             /  June 5, 2018

            I do OK thanks Blaze, without being able to afford a jetsetting lifestyle.
            But the comment was more a nudge to play the ball not the person…

            Reply
            • Blazer

               /  June 5, 2018

              I was playing the ‘ball’…Corky put in play.
              Not sure you have noticed the ‘Angry Andy’ moniker,the references to Ardern’s teeth or not,but consistency is a fine..thing..yes!

      • Corky

         /  June 5, 2018

        Hmmm..all the more reason to promote her.

        Reply
      • lurcher1948

         /  June 5, 2018

        And her services to the pancake makeup industry,boy she plasters it on

        Reply
  6. High Flying Duck

     /  June 5, 2018

    More from the Accountability and Transparency Government:

    “Turei said at the time she felt a responsibility to tell it how it was because others didn’t hold a privileged position like she did. How privileged that is, she’s now discovering. She acknowledged at the time that she could face the consequences of her illegal actions in the 90s but offered to pay the money back. But what, if any consequences she faced, looks set to remain a mystery.

    A request under the Official Information Act to find out what happened to her, came up with a blank. The Social Development Ministry, which impressed in a letter how seriously it takes its responsibilities of spending $23 billion dollars of taxpayers’ money every year, said it had consulted with Turei and had determined that “the public interest doesn’t outweigh the need to protect her privacy at this time.”

    In publicly making her admission of breaking the law, surely she’d forfeited any of that protection!

    But it’s hard not to reach the conclusion that there’s one rule for a politician and another for the many hundreds of welfare fraudsters each year who face the courts and take the consequences for defrauding the welfare system.”

    https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12064437

    Reply
    • Blazer

       /  June 5, 2018

      she has paid a very big price…time for you to move on.

      Reply
      • High Flying Duck

         /  June 5, 2018

        It was others who paid the price. All very public and shouted from the rooftops until it went in the wrong direction.
        All anyone wants to know is if she did as she said she would.
        It seems the price paid by other beneficiaries for doing what she did has been avoided though, doesn’t it?

        Reply
        • Blazer

           /  June 5, 2018

          Her long career as a senior politician is ..kaput.Hounding her will serve no useful ..purpose.

          Reply
    • Traveller

       /  June 5, 2018

      Recent events and interference being run have proved to me beyond all doubt there is a two rule society. If you know the right left people you’ve no worries.

      I would stake a King’s ransom on there being a deal done with the Greens to keep the whole Turei fraud and theft under wraps. Ardern is very good at that.

      Reply
      • Blazer

         /  June 5, 2018

        Patent nonsense…no one…cares.
        As for a 2 rule society…naturellement…the few prosper at the expense of the…many.

        Reply
        • Traveller

           /  June 5, 2018

          There are still many Kiwis who do care and who will stand up against the arms of government who fail the people and those who favour their agents and their friends will be accountable

          Reply
  7. PDB

     /  June 5, 2018

    Jim Bolger completes his crazy descent into socialism by heading the biggest jump backwards in the workplace in years & in turn increase the number of people in unions funding the Labour party;

    https://www.stuff.co.nz/national/politics/104466802/workplace-shake-up-in-governments-sights–jim-bolger-to-lead-pay-working-group

    Reply
    • Blazer

       /  June 5, 2018

      just like Malcolm Fraser ,another decent right wing politician who realises the folly of neo liberalism…better late than…never.

      Reply
      • PDB

         /  June 5, 2018

        In Bolger’s case his wallet has been greatly added to by becoming a Labour lackey under Helen Clark.

        Reply
        • Blazer

           /  June 5, 2018

          are you suggesting National politicians sell their soul ,provided,the price is…right!!Bol.

          Reply
    • High Flying Duck

       /  June 5, 2018

      Reply
  8. Gezza

     /  June 5, 2018

    5.16pm. Where’s the catwoman?

    Reply
  9. lurcher1948

     /  June 5, 2018

    Good luck with this happening, I wonder what music he wants played at his funeral??
    http://www.dailymail.co.uk/news/article-5805519/Sailor-pardoned-Trump-photographing-classified-area-sub-SUING-Obama-Comey.html

    Reply
  10. Gezza

     /  June 5, 2018

    1ewes at 6 item said Prime Minister Jacinda Ardern has released “details around” the birth of her and Clarke Gayford’s baby, due June 17.

    The PM and that notoriously self-effacing Mr Gayford will announce the birth themselves, ON TWITTER (YAY! :D) followed by a formal announcement by the PM’s office.

    There will be a chance for media to take photos of the family when they leave the hospital – just like William & Kate do it.

    The couple have asked for privacy in the weeks following the birth. Just like William & Kate do it. 😎

    Reply
  11. PartisanZ

     /  June 5, 2018

    Sad … ‘Global cancer rates: How does NZ compare?’

    https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12064758&ref=CE-NZH-TOPSTORIES-EDM

    “Meanwhile, the new study, just published in the journal JAMA Oncology, found lifestyle-related cancers, such as lung, colorectal and skin cancers, had increased worldwide over the past decade.”

    Reply

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