A terrible toss-up between siding with tax-trimming bankers or with brain-taxing wankers

December 24, 2009

Alf has never been a champion of the banks and the bankers who run them. He has been especially sour about the buggers since they pulled out of Eketahuna.

But the sadsack socialists at The Standard are more loathesome than bankers.

Today a bloke called Eddie is banging on about the big bucks owed to the IRD.

The banks, who tried to rip us off to the tune of $2.6 billion, have agreed to pay us $2.2 billion.

I don’t get it. We’ve spent tens of millions so far on court cases to get our money. We’ve won every case.

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Minister mucks in with money merchants

March 12, 2009

Agriculture Minister David Carter – splendid fellow – had to rough it somewhat today.

No, it didn’t require gumboots. He put duty before all else to rub shoulders with a bunch of rural lenders, each of whom might well be a decent human being. But Alf has a jaundiced view of bankers generically.

David’s purpose, of course, was to reiterate the Government’s message for banks to work positively with borrowers.

It was a good day for it. Not far away at the Reserve Bank, governor Alan Bollard had lowered the official cash rate again.
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Of bank checks and dipsticks

February 3, 2009

The most extraordinary thing about a Dom-Post report headed PM runs bank ‘health check’ is that the writer found anything remarkable in the PM checking the health of the banks.

Press Gallery scribe Vernon Small almost breathlessly says

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Feds call for a better bank deal

January 23, 2009

The feisty folk at Federated Farmers are fulminating again, this time accusing the banks of charging unnecessarily high interest rates on overdrafts provided to farmers.

At Findata, Alf learned –

New Zealand’s farm businesses have received only around half of the 150 basis points (1.5 percentage points) cut from the official cash rate (OCR) since December 4, Federated Farmers claimed. Read the rest of this entry »