Replies (1)

• @jeremy_pm@mastodon.nz 2026-09-28 02:24

  @ArrestJK@mastodon.nz I don’t understand this entire dumb arse #NZFirst idea about buying back the BNZ which was pilfered from #NZ by Faye & Richwhite back in November 1992 and sold to the National Australia Bank for NZ$1.48 billion. Buying back the BNZ is estimated to cost NZ upwards of $24B NZD which is insane considering NZ already has a state owned bank - Kiwibank. Apart from this being a colossal waste of money it’s also illogical. If NZ was smart they would invest just a portion of that $24B into Kiwibank so it could compete with the Australian banks that have been ripping NZ off for decades. Also, why the hell isn’t the #NZPol govt doing all its government banking with Kiwibank instead of the Australian owned Westpac Bank?

  Open ##4876960