web analytics

John Key: Berlusconi of the south pacific

Written By: - Date published: 7:22 am, November 19th, 2011 - 20 comments
Categories: accountability, brand key, democracy under attack, election 2011, john key, leadership, national, parody, uncategorized - Tags:

 

hattip: William Joyce

 

 

20 comments on “John Key: Berlusconi of the south pacific”

  1. Bill 1

    And not forgetting Gerry Brownpants…

  2. Seen this?

    http://publiccreditorbust.blog.com/2011/11/18/former-us-president-bill-clinton-information-confirms-john-key-new-zealand-prime-minister-played-a-large-part-in-the-global-financial-crisis/

    ___________________________________________________________________________

    Article by Fran O’Sullivan titled – Key chases luck o’ the Irish – published New Zealand Herald July 20 2005;

    Key is clearly on a roll as he lists the options New Zealand could explore if it decided to abandon outdated ideology and take a more pragmatic approach to growing the economy.

    The former investment banker knows what he is talking about.

    As head of global foreign exchange for investment giant Merrill Lynch he shifted a considerable amount of his business to Ireland in the mid-1990s to take advantage of a 10 per cent tax rate for foreign investors.

    The investment was a runaway success.

    “We transferred across the aircraft leasing business, the complex interest rates derivatives business, the entire back office for global foreign exchange and a huge chunk of private clients’ business,” says Key.

    John Key’s National Party website bio proudly states his past employment record in banking;

    “John launched his investment banking career in New Zealand in the mid 80s. After 10 years in the New Zealand market he headed offshore, working in Singapore, London and Sydney for US investment banking giant Merrill Lynch. During that time he was in charge of a number of business units including global foreign exchange and European bond and derivative trading. In 1999 John was invited to join the Foreign Exchange Committee of the Federal Reserve Bank of NY and on two occasions undertook management studies at Harvard University in Boston.”

    Career

    • Investment banker, New Zealand for 10 years

    • Investment banker, Merrill Lynch 1995-2001

    • Member, Foreign Exchange Committee of the Federal Reserve Bank of

    New York 1999-2001

    John Key – The Unauthorised Biography

    – Weekend Herald Sat July 19 2008

    Merrill Lynch Senior Executive Steve Bollotti said of John Key “he revolutionised the blue blood investment banking sector.”

    Key explains: “I had a whole lot of people working for me who were at the cutting edge of delivering quite complex and new and innovative products. They tended to either be a new product or into a new market, usually the emerging markets, Russia, Brazil, Argentina. I wasn’t the guy sitting there dreaming it all up, but I was the guy who was responsible for those people.” Did he foresee the problems which resulted in the sub-prime crisis? “Was it hard to predict? Not really.”

    The products which underpinned the sub-prime boom – then bust – were hatched in 2004-2005, long after Key had left Merrill. Indeed, he says when he went back to London in 2007 he was “horrified” at the level of risk Merrill was running. “It was enormous and I just didn’t think that enough had changed to warrant that level of risk.”

    Back in the late 1990s Key was in his element, working at the centre of the universe for FX. He presided over around 140 dealers trading billions of dollars a day. The Asian markets came in in the morning and New York in the afternoon. “Within two years we went from being 43 in euromoney to number three,” Key says.

    —————-

    Not only is John Key quite clearly lying about not being involved in complex derivatives at the exact time when a mix of deregulation and non-regulation of these toxic products went on to cause the global financial crisis but he is now setting about making New Zealand a money laundering 0% tax haven base for his banking sector buddies which various articles appearing in the foreign financial news media make clear his buddies are very much looking forward to it and are very impressed how he has thus far been able to do it on the sly; ”

    _________________________________________________________________

    Penny Bright
    Independent Candidate for Epsom

    [email deleted]

    • ghostwhowalksnz 2.1

      Its too scary to think we came within about 1.5% of the votes from having these guys run the country from 2005

      • mik e 2.1.1

        Derivative trader Bankers trust yeah right bankrupt
        Merrill lynch bankrupt NewZealand economy bankrupt
        insider trading Kiwirail
        Everything JinxKey is involved in he jinxes
        NatJinxKey can spin his way out By lying avoiding
        Conman Key
        New Zilanders have been conned again by another unregulated financial Conman
        SCF, Bridge corp, Hanover,Nathans all run by Finacial Wizards that were found to be nothing more than flim flam confidence tricksters
        Jinxed Key is the latest liar to be found out

    • mike 2.2

      Nice link Penny. So Key is quietly planning to screw NZ the way he screwed Ireland? By making us a tax haven for his rich buddies. Thus NZ gets an illusory economic boost and he can say “see what a good job I’m doing!” Then one day the rug gets pulled out, the money is withdrawn, John Key gets on a plane saying “thanks NZ, ackshully I’ve been great,” the economy goes pear-shaped and a Labour govt gets handed the mess.

  3. Fortran 4

    Winston will go with Labour if they get enough votes. Phil has said he will talk with him. John says no way (and I expect him to do that).
    Or call another election on a minority government.

    • Daveosaurus 4.1

      I think that any promise on Key’s part not to deal with Winston will be forgotten as quickly as “north of $50”, “we will not raise GST” or any of his other lies – sorry, I mean dinnemics. Come the 27th, it is most probable that Key will spend most of the day on the phone to Tauranga saying various variations on “Oh, Winston, please be gentle”.

      • mik e 4.1.1

        27th November ManKey:Cuppa tea Winnie
        Reply: johnny boy you know I only do deals over a bottle of whisKey come on be a Mankey.

    • mik e 4.2

      When has shonkey ever told the truth .Mankey is a power hungry egotist and has shown he’ll stoop to any level to keep it[smiling assassin listen to Brashs interview on morning report about key banks cuppa brash is having the last laugh{Brash chuckles as keys bungle is pointed out} as Key tries to roll him the second time]
      Key can lie his way through anything and smile while assassinating

    • mike 4.3

      You’re forgetting that things can get dinamic. Or more simply – John Key’s word is dogshit.

  4. Nick C 5

    This is just desperate and pathetic

    • insider 5.1

      Well based on the polls, desperate and pathetic is the only strategy left

      • mike 5.1.1

        Well that can’t be right, because then John Key, being so far ahead in the polls, wouldn’t have needed to be so desperate and pathetic over the teapot tapes.

Recent Comments

Recent Posts

  • Plumber shortfall highlights gaps in trades training
    A shortage of skilled plumbers highlights major gaps in the Government’s trades training which is having serious implications for our construction industry, Labour’s Skills and Training spokesperson Jenny Salesa says. “Information obtained under the Official Information Act shows an undersupply… ...
    3 hours ago
  • Plumber shortfall highlights gaps in trades training
    A shortage of skilled plumbers highlights major gaps in the Government’s trades training which is having serious implications for our construction industry, Labour’s Skills and Training spokesperson Jenny Salesa says. “Information obtained under the Official Information Act shows an undersupply… ...
    3 hours ago
  • Rates rebate on the cards for retirement village residents
    People living retirement villages could be entitled to a rates rebate after a Labour Member’s Bill was today pulled from the ballot, Labour’s Senior Citizens spokesperson Ruth Dyson says. “Most residents in retirement villages cannot currently claim a rebate because… ...
    6 hours ago
  • Rates rebate on the cards for retirement village residents
    People living retirement villages could be entitled to a rates rebate after a Labour Member’s Bill was today pulled from the ballot, Labour’s Senior Citizens spokesperson Ruth Dyson says. “Most residents in retirement villages cannot currently claim a rebate because… ...
    6 hours ago
  • Government’s weak trusts inquiry lambasted
    The weak and absurd scope of the Government’s inquiry into foreign trusts has been lambasted by Transparency International, Opposition Leader Andrew Little says. “In a scathing statement released today, the anti-corruption watchdog warns that the John Sherwan-led inquiry into foreign… ...
    7 hours ago
  • Government’s weak trusts inquiry lambasted
    The weak and absurd scope of the Government’s inquiry into foreign trusts has been lambasted by Transparency International, Opposition Leader Andrew Little says. “In a scathing statement released today, the anti-corruption watchdog warns that the John Sherwan-led inquiry into foreign… ...
    7 hours ago
  • Healthy Homes Bill passes first reading
    Some of New Zealand’s most vulnerable children and families are on their way towards safer living conditions with the passing of the first reading of the Healthy Homes Guarantee Bill in Parliament last night, Leader of the Opposition Andrew Little… ...
    10 hours ago
  • Healthy Homes Bill passes first reading
    Some of New Zealand’s most vulnerable children and families are on their way towards safer living conditions with the passing of the first reading of the Healthy Homes Guarantee Bill in Parliament last night, Leader of the Opposition Andrew Little… ...
    10 hours ago
  • Wellington Town Belt Bill becomes law
    The Wellington Town Belt will grow by 120 hectares after the passing today of the Wellington Town Belt Bill, Labour MP for Wellington Central Grant Robertson says. “The Town Belt is loved by Wellingtonians as a green and open space… ...
    24 hours ago
  • Wellington Town Belt Bill becomes law
    The Wellington Town Belt will grow by 120 hectares after the passing today of the Wellington Town Belt Bill, Labour MP for Wellington Central Grant Robertson says. “The Town Belt is loved by Wellingtonians as a green and open space… ...
    24 hours ago
  • 26 weeks paid parental leave the best Mother’s Day present
    If National truly values motherhood, they would drop their threat to scupper 26 weeks paid parental leave, says Labour MP Sue Moroney. “As New Zealand prepares to celebrate Mother’s Day on Sunday, John Key should remove his threat to… ...
    1 day ago
  • 26 weeks paid parental leave the best Mother’s Day present
    If National truly values motherhood, they would drop their threat to scupper 26 weeks paid parental leave, says Labour MP Sue Moroney. “As New Zealand prepares to celebrate Mother’s Day on Sunday, John Key should remove his threat to… ...
    1 day ago
  • Peering through the Huntly coal smokescreen
    Energy Minister Simon Bridges revealed in Parliament this week he has no idea what majority state-owned power companies are up to, when he wrongly claimed that Genesis Energy would not burn coal at Huntly unless there was a shortage of… ...
    GreensBy Gareth Hughes
    1 day ago
  • Peering through the Huntly coal smokescreen
    Energy Minister Simon Bridges revealed in Parliament this week he has no idea what majority state-owned power companies are up to, when he wrongly claimed that Genesis Energy would not burn coal at Huntly unless there was a shortage of… ...
    GreensBy Gareth Hughes
    1 day ago
  • Burger King dumps caged eggs!
    I’m not a fan of fast food companies, but a few days ago I was thrilled to see fast food multinational Burger King announcing that they are going to dump caged eggs in New Zealand. They join other food companies,… ...
    GreensBy Mojo Mathers
    1 day ago
  • Burger King dumps caged eggs!
    I’m not a fan of fast food companies, but a few days ago I was thrilled to see fast food multinational Burger King announcing that they are going to dump caged eggs in New Zealand. They join other food companies,… ...
    GreensBy Mojo Mathers
    1 day ago
  • Smoke and Mirrors on Pharmac funding
    Today’s announcement by John Key and Jonathan Coleman on Pharmac funding is a classic piece of financial jiggery-pokery, says Labour’s Health spokesperson Annette King.  “While I welcome any boost to the Pharmac budget this does not go far enough. ...
    1 day ago
  • Firearms Inquiry calling for submissions.
    Parliament’s Law and Order select committee (of which I am a member) has today called for public submissions to its firearms inquiry. This conversation should have been live since last year, when the Police Association started talking about their concerns… ...
    GreensBy David Clendon
    1 day ago
  • Firearms Inquiry calling for submissions.
    Parliament’s Law and Order select committee (of which I am a member) has today called for public submissions to its firearms inquiry. This conversation should have been live since last year, when the Police Association started talking about their concerns… ...
    GreensBy David Clendon
    1 day ago
  • National playing politics with children’s lives
    John Key’s Government is playing political games with the lives of children by refusing to support a bill which will ensure every home in the country is warm and dry, Leader of the Opposition Andrew Little says. “National says that… ...
    1 day ago
  • Unemployment rise demands Budget response
    The rise in unemployment shows the Budget must contain concrete plans for job growth that deliver for all New Zealanders, not just the few at the top, says Labour’s Finance spokesperson Grant Robertson. “After eight years under National it is… ...
    1 day ago
  • School funding falls by $150 per student
    Parents are having to fork out even more for their kids’ education after the Government cut school funding per student by $150 in the past year, Labour’s Education spokesperson Chris Hipkins says. “According to the Education Ministry, its total per… ...
    1 day ago
  • School funding falls by $150 per student
    Parents are having to fork out even more for their kids’ education after the Government cut school funding per student by $150 in the past year, Labour’s Education spokesperson Chris Hipkins says. “According to the Education Ministry, its total per… ...
    1 day ago
  • Government must clamp down on dodgy PTEs
    The Government must ensure all international students coming to New Zealand are legitimate after a survey of those approved in Mumbai found only 9 per cent had genuine intentions and met English language requirements, Labour’s Education spokesperson Chris Hipkins says.… ...
    2 days ago
  • Government must clamp down on dodgy PTEs
    The Government must ensure all international students coming to New Zealand are legitimate after a survey of those approved in Mumbai found only 9 per cent had genuine intentions and met English language requirements, Labour’s Education spokesperson Chris Hipkins says.… ...
    2 days ago
  • Chance to crack down on foreign speculators
    If John Key is serious about stopping foreign speculators driving house prices out of the reach of Kiwi families, he will support Labour’s Member’s Bill to ban offshore investors from buying existing homes, Labour’s Housing spokesperson Phil Twyford says. “My… ...
    2 days ago
  • IRD had foreign trusts review on action plan
    The IRD was so ready to review foreign trusts it had the review on its action plan in November 2014, just before the Revenue Minister met with John Key’s lawyer, says the Leader of the Opposition Andrew Little. “The IRD… ...
    2 days ago
  • IRD had foreign trusts review on action plan
    The IRD was so ready to review foreign trusts it had the review on its action plan in November 2014, just before the Revenue Minister met with John Key’s lawyer, says the Leader of the Opposition Andrew Little. “The IRD… ...
    2 days ago
  • Child Youth and Family Review and Māori
    I wrote this blogpost sitting in Parliament listening to the Attorney General’s first reading speech on the Tauranga Moana Iwi Collective Redress and Ngā Hapū o Ngāti Ranganui Claims Settlement Bill. He has acknowledged the impact of colonisation that made… ...
    GreensBy Jan Logie
    2 days ago
  • Rebuilding Christchurch – a lost opportunity?
    In rebuilding Christchurch, the city has a rare chance to build in a sustainable, creative and people-centred way. We can create a city that is so much more than a simple re-construction of buildings and transport links. Christchurch could be… ...
    GreensBy Eugenie Sage
    3 days ago
  • Rebuilding Christchurch – a lost opportunity?
    In rebuilding Christchurch, the city has a rare chance to build in a sustainable, creative and people-centred way. We can create a city that is so much more than a simple re-construction of buildings and transport links. Christchurch could be… ...
    GreensBy Eugenie Sage
    3 days ago
  • Minister must ensure 111 issue is fixed
    The Police Minister must ensure the 111 fault is fixed as an urgent priority as a 40 minute wait can be the difference between life and death, says Labour’s Police spokesperson Stuart Nash. “The Police have said the fault lies… ...
    3 days ago
  • New Zealand a world leader – in unaffordable housing
    The National Government has made New Zealand a world leader – in unaffordable housing, Labour’s Housing spokesperson Phil Twyford says. “The latest International Monetary Fund report shows New Zealand had the world’s second fastest growth in house prices at the… ...
    3 days ago
  • New Zealand a world leader – in unaffordable housing
    The National Government has made New Zealand a world leader – in unaffordable housing, Labour’s Housing spokesperson Phil Twyford says. “The latest International Monetary Fund report shows New Zealand had the world’s second fastest growth in house prices at the… ...
    3 days ago
  • Hospital meals making you sick
    I don’t know about you but I felt a bit sick watching Health Minister Jonathon Coleman eat supposed Dunedin hospital food last week.  Dunedin people have tolerated a crumbling hospital, lower access to services, longer waiting times and gross food… ...
    GreensBy Metiria Turei
    3 days ago
  • Hospital meals making you sick
    I don’t know about you but I felt a bit sick watching Health Minister Jonathon Coleman eat supposed Dunedin hospital food last week.  Dunedin people have tolerated a crumbling hospital, lower access to services, longer waiting times and gross food… ...
    GreensBy Metiria Turei
    3 days ago
  • Key needs to stop shifting and come clean
    John Key’s position on his lawyer’s offshore trusts lobbying has changed yet again with the Prime Minister admitting he told Todd McClay that Ken Whitney had approached him, says Labour’s Finance spokesperson Grant Robertson. “Yet again information has to be… ...
    3 days ago
  • Key needs to stop shifting and come clean
    John Key’s position on his lawyer’s offshore trusts lobbying has changed yet again with the Prime Minister admitting he told Todd McClay that Ken Whitney had approached him, says Labour’s Finance spokesperson Grant Robertson. “Yet again information has to be… ...
    3 days ago
  • Revolutionary art in Palmerston North
    Last night I was a judge at the May Day Cup, an annual theatrical event which celebrates International Workers Day. The event was organised by stalwart unionist Dion Martin and included a range of performers competing for the Cup. This year… ...
    GreensBy Catherine Delahunty
    4 days ago
  • Revolutionary art in Palmerston North
    Last night I was a judge at the May Day Cup, an annual theatrical event which celebrates International Workers Day. The event was organised by stalwart unionist Dion Martin and included a range of performers competing for the Cup. This year… ...
    GreensBy Catherine Delahunty
    4 days ago
  • Andrew Little visits Zaatari refugee camp
    Leader of the Opposition, Andrew Little, has visited the largest Syrian refugee camp in the world, Zaatari in Jordan, a day after seeing New Zealand troops at Camp Taji in Iraq. Mr Little spent several hours in the camp, meeting… ...
    5 days ago
  • Com Com’s Z Energy decision anti-competitive
    The Commerce Commission’s decision to allow Z Energy to buy Caltex can only undermine the competition in the fuel industry that is needed to ensure New Zealanders pay the lowest price for petrol, Labour’s Consumer Affairs spokesperson David Shearer says.… ...
    5 days ago
  • Com Com’s Z Energy decision anti-competitive
    The Commerce Commission’s decision to allow Z Energy to buy Caltex can only undermine the competition in the fuel industry that is needed to ensure New Zealanders pay the lowest price for petrol, Labour’s Consumer Affairs spokesperson David Shearer says.… ...
    5 days ago
  • OAG raps Govt over the knuckles on HNZ contracts
    The Government has been rapped over the knuckles by the Auditor General over its failure to properly manage $2.3m of contracts and conflicts of interest in relation to a merchant banker advising them on the state house sell-off, says Labour’s… ...
    6 days ago
  • OAG raps Govt over the knuckles on HNZ contracts
    The Government has been rapped over the knuckles by the Auditor General over its failure to properly manage $2.3m of contracts and conflicts of interest in relation to a merchant banker advising them on the state house sell-off, says Labour’s… ...
    6 days ago
  • Brownlee must step in as EQC spin exposed
    Gerry Brownlee needs to step in after EQC’s desperate spin in the wake of yesterday’s landmark settlement has been exposed by its own documents, says Labour’s Canterbury spokesperson Megan Woods. “Yesterday’s settlement showed that thousands of homes may not have… ...
    6 days ago
  • Brownlee must step in as EQC spin exposed
    Gerry Brownlee needs to step in after EQC’s desperate spin in the wake of yesterday’s landmark settlement has been exposed by its own documents, says Labour’s Canterbury spokesperson Megan Woods. “Yesterday’s settlement showed that thousands of homes may not have… ...
    6 days ago
  • OIO must explain Argentine pollution prosecutions
    The Overseas Investment Office (OIO)has questions to answer about how it safeguarded our sensitive land by allowing foreign investors with criminal prosecutions to purchase Onetai Station in Taranaki, says Labour’s Land Information spokesperson David Cunliffe.   “Rafael and Federico Grozovsky… ...
    6 days ago
  • Aussie banks in NZ should ban lending to offshore buyers
    ASB, Westpac and ANZ must confirm whether or not they will continue to fund the over-heated property market by lending to non-resident offshore home buyers, Labour’s Housing spokesperson Phil Twyford says. “This issue has arisen because their parent banks have… ...
    6 days ago
  • Aussie banks in NZ should ban lending to offshore buyers
    ASB, Westpac and ANZ must confirm whether or not they will continue to fund the over-heated property market by lending to non-resident offshore home buyers, Labour’s Housing spokesperson Phil Twyford says. “This issue has arisen because their parent banks have… ...
    6 days ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere