Did New Zealand’s Prime Minister racketeer the collapse of South Canterbury Finance?

VInny Eastwood Show | 26 July 2014

In New Zealand the government can accuse company directors of fraud without evidence. When their company fails, because no one wants to business with them, the government arranges a bailout with tax payer money; against the reserve bank governor’s advice and then sell off the company’s assets at a significant discount to the Prime Minister’s neighbour.

[youtube https://www.youtube.com/watch?v=E9CE1a4pSeQ?feature=player_detailpage&w=640&h=360]

Leave a Reply