Open Forum – Saturday

1 June 2019

This post is open to anyone to comment on any topic that isn’t spam, illegal or offensive. All Your NZ posts are open but this one is for you to raise topics that interest you, or you think may interest others.. 

If providing opinions on or summaries of other information also provide a link to that information. Bloggers are welcome to summarise and link to their posts. Comments worth more exposure may be repeated as posts. Comments from other forums can be repeated here, cut and paste is fine.

Your NZ is a mostly political and social issues blog but not limited to that, and views from anywhere on the political spectrum are welcome. Some ground rules:

  • If possible support arguments, news, points or opinions with links to sources and facts.
  • Please don’t post anything illegal, potentially defamatory or abusive.

FIRST TIME COMMENTERS: Due to abuse by a few, first comments under any ID will park in moderation until released (as soon as possible but it can sometimes take a while).

Sometimes comments will go into moderation or spam automatically due to mistyped ID, too many links (>4), or trigger text or other at risk criteria. If they pass muster they will be released as soon as possible (it can sometimes take hours).

Previous Post
Next Post
Leave a comment

28 Comments

    • Alan Wilkinson

       /  1st June 2019

      A political axe being ground for ANZ carrying 0.2% less capital than it should? I smell a rat.

      Reply
      • Blazer

         /  1st June 2019

        maths ability ,just another one of your deficiencies Al..

        ‘The action by the Reserve Bank required it to hold another $277 million in capital. ‘

        Reply
        • Alan Wilkinson

           /  1st June 2019

          ANZ says $23M in the article you linked. Even if your number is right it is only 2% and therefore irrelevant to bank liquidity.

          Reply
          • Blazer

             /  1st June 2019

            its not irrelevant at all!The $277 mil is mentioned in the same article.

            You have moved from 0.2% to 2% ..a huge leap and still wrong.

            The ‘rat’ you smell is odious …bankers,as usual.

            Reply
            • Kitty Catkin

               /  1st June 2019

              There’s nothing stopping you from keeping your money in a sock under the mattress.

              Your constant ranting about those who make money because they have brains and use them shows that you are probably extremely jealous and have to put other people down to enhance your own ego.

            • Alan Wilkinson

               /  1st June 2019

              Of course it’s irrelevant to a bank going belly up. If it was 20% it might be starting to be relevant. At a couple of percent it’s just bureaucratic nitpicking.

            • Blazer

               /  1st June 2019

              but Al,don’t rely on your maths…its closer to 20% than 2%…5 years of misfeasance from entitled bankers who offer the usual lame excuses.

          • Blazer

             /  1st June 2019

            anon….'”This increases the minimum capital ANZ must hold for operational risk by around 60 per cent, to $760 million, the Reserve Bank said.”

            60%, that is massive. If our main banks are prepared to act like this, how can the Reserve Bank say that there is no need for an investigation equivalent to the Royal Commission in Australia? Why, because the RB asked the banks if they were doing anything dodgy but they said no and the RB said OK, no inquiry necessary.
            Sorry ordinary people, you are just here to be abused because these rules and regulations are in place to protect you and so by default, you are the ones being abused. ‘

            Reply
            • Alan Wilkinson

               /  1st June 2019

              Someone needs to audit the numbers because they obviously conflict.

        • Alan Wilkinson

           /  2nd June 2019

          Curious, a whole article that ignores the bank’s refutation. Bin it.

          Reply
          • Blazer

             /  2nd June 2019

            the bank does not have a leg to stand on…I’m afraid.

            Makes no dif…a law unto themselves.

            Surprised to see you back after yesterdays flogging.

            Reply
            • Alan Wilkinson

               /  2nd June 2019

              Fantasist as usual, B.

            • Blazer

               /  2nd June 2019

              @Al…usual Pavlovian response when reality strikes.

  1. Blazer

     /  1st June 2019

    depends whether you believe the ANZ or the Reserve Banks numbers.

    Reply
    • Alan Wilkinson

       /  1st June 2019

      Which has the most recent history of blatantly lying?

      Reply
      • Blazer

         /  1st June 2019

        ANZ hands down..refer to recent inquiry in Oz.

        Reply
        • Alan Wilkinson

           /  1st June 2019

          Anz bank inquiry australia

          Reply
          • Blazer

             /  1st June 2019

            parent company…never mind the sidesteps.

            Not aware of Reserve Bank ..lying.

            Reply
            • Alan Wilkinson

               /  1st June 2019

              Ostrich never heard of Markhlouf then.

            • Patzcuaro

               /  1st June 2019

              Isn’t Markhlouf in the process of leaving Treasury. The current Governer of the Reserve Bank is Adrian Orr, previously CEO of the Super Fund.

              The ANZ is putting fees up coincidentally.

            • Blazer

               /  2nd June 2019

              you are right of course.

              Facts and accuracy are not hallmarks of Als.
              When it comes to finance and economics Al is quite…illiterate ,uninformed and ignorant even.

          • Alan Wilkinson

             /  1st June 2019

            FMA chief executive Rob Everett said there was no evidence that what happened in Australia had occurred in New Zealand.

            Your usual squirrel citing, B.

            Reply
            • Blazer

               /  1st June 2019

              they didn’t have an inquiry in NZ.
              Prior to the one in Oz the banks there said there was nothing to find…either!Surprise,surprise.

              FMA is hopeless.

  2. Blazer

     /  1st June 2019

    depends whether you believe the ANZ or the Reserve Banks numbers.

    Reply
  3. Kitty Catkin

     /  1st June 2019

    There was an interesting item on Choice last night, on Phil Spencer’s 100 Houses.

    Part of last night’s one was about the ‘Right to Buy’ initiative, when Margaret Thatcher made it possible for people to buy their council houses for up to 50% off the market rate.She believed that people had the right to own their house.

    This made it possible for many people who wouldn’t have had the chance otherwise…but….

    1/3 of the UK’s social housing was now gone with councils selling the houses off

    The first one was sold on a few years later at a profit of 600% in round figures (8000 pounds to 47,000)

    40% ended up in the hands of private landlords and still is.

    Reply
  4. lurcher1948

     /  1st June 2019

    I will repeat this tomorrow,does anyone feel like gagging or laughing when Mike Hosking or Kate Hawking’s claim they are hard working NEW ZEALANDERS,my eyes misted over when a righty said Mike ..

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s