John Key’s mirror trust

76 comments on “John Key’s mirror trust ”

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1. mickysavage 1

   9 November 2011 at 8:41 am

   And …
2. One Anonymous Bloke 2

   9 November 2011 at 8:52 am

   Who owns Whitechapel?

   Key’s gaming of the system so as to stay within the latter of the law reminds me of Jimmy Carter’s law day speech.

   “Well, I’ve read parts of the embarrassing transcripts, and I’ve seen the proud statement of a former attorney general, who protected his boss, and now brags on the fact that he tiptoed through a mine field and came out “clean.” I can’t imagine somebody like Thomas Jefferson tiptoeing through a mine field on the technicalities of the law, and then bragging about being clean afterwards.”

   Judicial inquiry into the political funding and other financial activities of Key and his enablers. The US congress has been bought; I can’t imagine the National Party costs anywhere near as much.
3. Roy 3

   9 November 2011 at 8:53 am

   Without the hairpiece, Key would be a dead ringer for the turnip…
   • Tiger Mountain 3.1

     9 November 2011 at 9:00 am

     Vile and disgusting this commenting on politicians appearance, but really, where are the paparazzi when you need ’em–toupee or comb over?
     • Hami Shearlie 3.1.1

       9 November 2011 at 9:06 am

       Or is it Berlusconi implants? – pity they couldn’t have implanted a conscience at the same time!
       • Draco T Bastard 3.1.1.1

         9 November 2011 at 5:16 pm

         The conscience implant is optional in the Berlusconi make-over range of products. Records show that, so far, 0.0% of Berlusconi make-over recipients have taken up the option. Surveys of said recipients show that 1% just didn’t think it was worth the added cost and the other 99% said that it would stand in their way of making money.
     • Roy 3.1.2

       9 November 2011 at 9:45 am

       I think it’s perfectly legit to comment on a politician’s appearance if he is doing something deceptive (i.e. wearing a toupee) to exploit “looksism” and make himself look more attractive to people stupid enough to vote on appearance. Fact is, he would look older and less attractive to most people, and to female voters in particular, without the toupee.
     • mik e 3.1.3

       9 November 2011 at 6:02 pm

       comb over key
4. Tiger Mountain 4

   9 November 2011 at 8:56 am

   The PM is not called ShonKey by some without reason…
   http://www.stuff.co.nz/sunday-star-times/features/249633/Who-is-John-Key
   • Carol 4.1

     9 November 2011 at 9:04 am

     Key says he does not believe a moral issue arises for the traders who make these speculative attacks on currencies, or for the dealing rooms that carry out their orders. “I don’t really see it as a judgemental business. You’re simply executing orders for people.
     • One Anonymous Bloke 4.1.1

       9 November 2011 at 9:08 am

       Paging Dr. Godwin.
       • Carol 4.1.1.1

         9 November 2011 at 9:11 am

         I was tempted to go Godwin, but decided to let the quote speak for itself.
     • Akldnut 4.1.2

       9 November 2011 at 9:14 am

       Shows the character of the dude.
       Begs the question – where does morality come into it, where does it begin and how much does he have???

       Many people throughout history have gone to the gallows simply executing orders for other people – staying away from Godwin lol.
       (Not saying that his “Following orders” is an executable crime per se – physically anyway, maybe politically)
     • ianmac 4.1.3

       9 November 2011 at 9:14 am

       Yes read that but these days people don’t seem to care. And much more importantly John Key was mobbed by the overdressed poppets at Addington.
       You see? Poppets trump speculative attacks on currencies.
       • Akldnut 4.1.3.1

         9 November 2011 at 9:17 am

         The one on the track got underdressed real fast
     • uke 4.1.4

       9 November 2011 at 9:21 am

       Quite like this quote too:
        

       During Key’s brief spell for Merrill Lynch in Sydney in 2001, he helped fire 500 staff as part of savage worldwide retrenchment by the bank. In the past, Key has appeared proud of his ability to sack without feelings. He told Metro magazine: “They always called me the smiling assassin.”
       These days he insists these were not cheerful sackings.
       “In the end I had to carry out wider responsibilities, but I think I’m fundamentally a nice guy, but have to follow instructions,” he says.
       • Roy 4.1.4.1

         9 November 2011 at 9:47 am

         Everybody thinks they are a nice guy, or female equivalent thereof.
         • uke 4.1.4.1.1

           9 November 2011 at 9:59 am

           Not everybody becomes a “smiling assassin” and jokes about it afterwards.
            
           Reminds me of the sense of humour of these US foreclosure lawyers. I wonder if they think they’re “nice guys following instructions”.
       • logie97 4.1.4.2

         9 November 2011 at 4:27 pm

         Seem to remember a particularly important war crimes trial where the defense said, “We were only following instructions…”
     • Colonial Viper 4.1.5

       9 November 2011 at 9:26 am

       “I don’t really see it as a judgemental business. You’re simply executing orders for people.

       Its been shown that many investment banks cream each trading day by either “front running” trades (today via HFT tools), or simply looking back and reassigning the worst prices of the day to their ‘valued clients’ and assigning the banks own trading accounts with the best prices of the day.

       In other words the Bankster Occupation are a bunch of cheating lying scum, and there has not been anything close to a ‘free market’ in financial trading for many years, and the world markets are nothing more than a casino where the house always wins. And our retirement funds always lose.
   • In Vino Veritas 4.2

     9 November 2011 at 9:17 am

     I expect Tiger, that he’s only called “Shonkey” by you and other rabid socialists. Having read the article, I can’t see anything that he has done that is shonkey, in fact, the article is quite positive about him, particularly his leadership and economic skills. But then, I guess this is why Mr Goff and Labour are so hell bent on making personal attacks on him.

     Always remember Tiger, socialism is great, until you run out of other peoples money. (proof: I refer you to Greece)
     • marsman 4.2.1

       9 November 2011 at 9:28 am

       John Key’s leadership and economic skills are pathetic, $40 billion dollar public debt, 4 days to do anything about the Rena disaster, Christchurch still in turmoil, 60,000 more unemployed etc. He’s puffed up by the MSM because his cronies own the MSM.
       Always remember Neoliberalism is great ( for a few) till you run out of other people’s money (then the few have to fuck off elsewhere to do their fleecing)
       • uke 4.2.1.1

         9 November 2011 at 9:33 am

         …till you run out of other people’s money
          

         Hey, but you can just nationalise all the debt!
         • mik e 4.2.1.1.1

           9 November 2011 at 6:05 pm

           Toxic derivatives of US$160 trillion being nationalized by US
     • felix 4.2.2

       9 November 2011 at 9:33 am

       Financial speculative trading is great, until you destroy the whole world’s economy (proof: I refer you to the whole world’s economy)
     • The Voice of Reason 4.2.3

       9 November 2011 at 9:53 am

       If I follow your line of reasoning, in vino veritas, I guess Silvio Berlosconi must be a socialist, too. He’s hidden it well!
       • Deadly_NZ 4.2.3.1

         9 November 2011 at 6:07 pm

         Well he’s gone now out of power.
     • rosy 4.2.4

       13 November 2011 at 10:33 am

       “Always remember Tiger, socialism is great, until you run out of other peoples money. (proof: I refer you to Greece)”

       Run by the centre-right New Democracy party from 2004-2009.
   • ghostwhowalksnz 4.3

     9 November 2011 at 1:08 pm

     I liked “Sharkey” a lot more
5. King Kong 5

   9 November 2011 at 9:02 am

   How come this was not revealed in the extensive digging on Key’s personal finance that Labour carried out at the last election and which blew up so horribly in their face. Where is the pro…actually don’t bother. 25% and dropping says it all.
   • felix 5.1

     9 November 2011 at 9:42 am

     King Kong, the correct line is “This is old news and no-one cares.”

     Please get back into formation with the others.
     • King Kong 5.1.1

       9 November 2011 at 9:49 am

       And you Felix, should be spending more time helping to come up with fantasy revenue streams in order to fund spending promises on bludgers. Certainly not giving media advice to the righties
       • felix 5.1.1.1

         9 November 2011 at 10:05 am

         Why would I do that, monkey boy? I think you have me confused with someone else.

         ps I note your use of “And”. Thank you.
       • Draco T Bastard 5.1.1.2

         9 November 2011 at 5:25 pm

         All the fantasy comes from the right – they actually believe that rich people are wealth creators when any unbiased look at the facts will show that the wealth comes from the environment and that the rich do nothing at all.
       • mik e 5.1.1.3

         9 November 2011 at 6:10 pm

         Nothing like the ponzi schemers who have brought the western democratic world to its Knees no coverage of G20 meeting in October on how to deal with up to 54trillion in toxic derivatives the type Key was involved in at Merrill Lynch
   • rosy 5.2

     9 November 2011 at 6:29 pm

     “How come this was not revealed in the extensive digging on Key’s personal finance that Labour carried out at the last election a”

     I’m going for tht ‘you missed the news flash line’… This one doesn’t go back to the last election King Kong – May 2010 and yes, anybody could see what was in the mirror trust.
6. madagascar 6

   9 November 2011 at 9:09 am

   Have we really got to the ‘if you have any poo fling it now’ stage. Ah well two and half more weeks and everyone can get back to ignoring the twats for the next three years.

   http://www.youtube.com/watch?v=szhs8BjgYH8
7. tsmithfield 7

   9 November 2011 at 9:25 am

   The left must be desperate if they are now reverting to the attack lines from 3 years ago that blew up in their face back then. I thought the lessons would have been learned, but apparently not.
   • felix 7.1

     9 November 2011 at 9:31 am

     What blew up, tsmithfield?

     Are you disputing the nature of the trust set-up described?
     • In Vino Veritas 7.1.1

       9 November 2011 at 9:50 am

       The trust set up may well be of the nature you describe, but what goes on in terms of trust governance is just blind speculation, since unless you have been told specifically by one or more of the Trusts trustees (which is extremely doubtful), you and your friends have absolutely no idea.
       In conclusion, The Sprout has made implication about something he has limited (or no) knowledge about, and the rest have taken up the bone and are chewing on it, trying to build a reality around it.
       • felix 7.1.1.1

         9 November 2011 at 10:15 am

         What “blew up in their face back then”?

         ps don’t pretend to be naive and don’t pretend I am either.
   • Tiger Mountain 7.2

     9 November 2011 at 9:36 am

     It can be good to jam a bone down the throat of the memory hole occasionally Smithy.
   • insider 7.3

     9 November 2011 at 9:43 am

     Well it beats trying to spin the latest Fairfax poll as ‘good for the left’. Or the attack on Stats NZ.
     • Colonial Viper 7.3.1

       9 November 2011 at 2:07 pm

       Its not an attack on Stats NZ. Its an attack on the integrity of Key’s governance.
       • insider 7.3.1.1

         9 November 2011 at 4:01 pm

         So Key told them to write the release in a certain way? And this is unique to National? You should go back and see some of the stuff that came out of govt in 1999-2008. How did Goff get the Gone by lunchtime memo? Why was Madelaine Setchell effectively blacklisted? How did Erin Leigh get pasted in Parliament by Mallard? It’s all from civil servants’ work.

         That doesn’t mean civil servants are directed, but they do know that they serve, and that no doubt influences how things are presented across govt – it may even be written into the SSC guidance notes; I’m sure there is something about the need to provide discreet political support or advice or similar to ministers. Hipkins comes from that background so is being disingenuous in his criticisms and it’s another nasty smear. Good on Bascand for not taking it lying down, as many might. A number of civil servants I know have said they felt freer to offer advice with the change to a National govt. Not sure if that was due to a less managerial style from ministers or a first term vs a third term govt, but they had noticed the more relaxed style.
   • ghostwhowalksnz 7.4

     9 November 2011 at 7:14 pm

     A bit like the UK phone hacking scandal, was just a blip a few years ago, the police seemed to not bothered and then

     BANG it blew up in News Ltd face.

     There is a time for everything in politics and sometimes NZ is just too small and under the thumb of the 1% to have the truth laid bare.

     A bit like NSW politics and corruption in the 70s, didnt all come out in the open till the day of the funeral when Sir Robert Askin died and what a lot of insiders knew then became public knowledge
8. insider 8

   9 November 2011 at 9:28 am

   H Fee H Fee.

   Is this the next great game changer?
   • ghostwhowalksnz 8.1

     9 November 2011 at 1:17 pm

     Yes, the H fee , what was the reason why that was all OK ?

     Thats right, someone else in the office has a very similar signature on original documents!!

     yeah right!

     That follows another claim about a particular shonky deal run in Elders , either Key has ‘left before that happened’ or ‘only heard about it during his farewell lunch’. Take your pick …wait it could change again when people talk under oath, as we know the finance industry is full of liars and cheats.

     Then there was his signed statuary declaration for his enrolment in the helensville electorate, where he claimed to live in a house he subsequently said he never lived in ( and signed other papers saying he was living in Orakei Rd)
     The reason that was all Ok ? . Well the Clerk of the house passed it off.
     No mention of the Chief Electoral officer who has responsibility for enrolment matters, Not some parliamentary official
9. Colonial Viper 9

   9 November 2011 at 9:31 am

   The sudden appearance of idiot Righties means that the presure points of John Key’s shonky dealings are all too real and close to the surface.
   • King Kong 9.1

     9 November 2011 at 9:39 am

     Absolutely correct Colonial. All us righties recieved the records of Keys financial affairs with a note that this was political dynamite if it got out and to defend it at all costs.

     By the way we also faked the moon landings and shot JFK (it was Lockwood-Smith on the grassy knoll)
     • Colonial Viper 9.1.1

       9 November 2011 at 11:53 am

       Heh your attempt to trivialise with hyperbole about moon landings etc. just underscores my point.

       You’re a servant, you don’t get to see Key’s financial records, you just get orders to follow.
       • The Baron 9.1.1.1

         9 November 2011 at 4:16 pm

         Wha guys, sorry I’m late! You really would have thought that I would set my alarm properly, especially when we have been tasked with subverting a wank off session between loyalists on New Zealand’s #4 ranked political blog.
         Wow, I’ll never make the RWNJ subversion crack-team for the top three at this rate! Woe!
     • ghostwhowalksnz 9.1.2

       9 November 2011 at 1:18 pm

       Key had all ready been exposed lying about his ownership of Kiwirail shares which were supposed to be listed.

       That was blamed on some poor stiff who ‘hadnt sold them’

       yeah right
   • rosy 9.2

     9 November 2011 at 7:20 pm

     The sudden appearance of idiot Righties means that the presure points of John Key’s shonky dealings are all too real and close to the surface.

     Not just their sudden appearance but their rewriting of the non-blind trust issue from last year as the H-fee from before the last election. What’s up with that?
10. Nick K 10

    9 November 2011 at 9:34 am

    You guys were trying this 5 years ago and look where it got you – 52 v 26.
    • felix 10.1

      9 November 2011 at 9:44 am

      King Kong has never heard of it before. He’s shocked that it didn’t come out earlier.

      He thought he knew what Mr Key was all about too.
      • King Kong 10.1.1

        9 November 2011 at 9:53 am

        Not as shocked as I was to hear about the Nazi gold that Goff has hidden in his Swiss bank accounts. Thats true as well…right?
        • felix 10.1.1.1

          9 November 2011 at 10:02 am

          So you’re disputing the veracity of the claim made in the post?

          I don’t think you’ll find many National supporters agreeing with you. As I said earlier, the correct line is “This is old news and no-one cares.”

          Get back in formation please.
          • King Kong 10.1.1.1.1

            9 November 2011 at 10:09 am

            Only the smear that Key knows whats in his blind trust and that you guys know that he knows.

            Anyway, the Standards lefties pretending they have always abeen Green supporters in 3…2…1
            • felix 10.1.1.1.1.1

              9 November 2011 at 2:25 pm

              If you bothered reading the posts and comments you’d already know that there are a lot of Green supporters here monkey boy.
            • One Anonymous Bloke 10.1.1.1.1.2

              10 November 2011 at 6:53 am

              KK, I can’t speak for anyone else, but that’s not what I’m saying at all. It’s clear that a mechanism has been created whereby Key can know what’s in the blind trust. He argues that although anyone can see the assets that Whitechapel’s holding, but since you can’t tell who they’re holding them for, neither can he.

              This is a fact on paper and a fiction in reality. It is a ‘clever knot’ designed to turn the law inside out (I’ve been reading John le Carré again), which is why I quoted Jimmy Carter’s ‘Law Day’ speech above.

              Perhaps you are comfortable to have a PM who obeys the letter of the law while subverting its intent, and then brags about it.
11. ak 11

    9 November 2011 at 9:49 am

    Money quote: “In the end I had to carry out wider responsibilities, but I think I’m fundamentally a nice guy, but have to follow instructions,” he says.

    That’s the worm gnawing at his innards right there.

    The deep need to be “nice” won out when he rejected the Joyce/Brash racism, but now the “instructions” are intense: bash the poor and reward your masters – or your nice, photo-op days are over.

    Tip-toeing on a razor blade with glass cojones.
    • Akldnut 11.1

      9 November 2011 at 10:09 am

      Money quote: “In the end I had to carry out wider responsibilities, but I think I’m fundamentally a nice guy, but have to follow instructions,”

      A quote that he’s able to recycle whenever he needs justification for all the nasty things he inflicts.
      Expect to see this in his “Memoirs of J Key” Derivatives Trader & Prime Minister
12. anne 12

    9 November 2011 at 10:45 am

    Key’s investments must not be doing so well,the cup day scrumage by women to touch him,one called him ‘justin beiber’ photos and hugs were exchanged,one of his minders told hm he was a
    ‘married’ man,he said ‘i know,i can’t afford a divorce’, his slippers wont get warmed at night when this travels back home,so if he ends up in the divorce courts,that will cost him half of his empire and that is why he stays married! not a good promotion for a stable PM’ers marriage.
13. mickysavage 13

    9 November 2011 at 11:46 am

    Obviously Sprout knows something I do not.  I had a stab at this in 2010 and thought that Whitechapel Ltd was the corporate trustee for the Aldgate Trust.
     
    Whitechapel has lawyers from two different firms as directors and a trustee company as shareholder.
     
    It would be a major scandal if Key could “see” into the supposedly blind trust.  Is this what Sprout is hinting at?
    • Batman 13.1

      9 November 2011 at 11:51 am

      We are saved, we are saved it’ll be just like the H-Fee…….. oh wait up a mo….
    • One Anonymous Bloke 13.2

      9 November 2011 at 12:01 pm

      According to previous articles on the subject, “Mr Key’s private interests appear to be perfectly visible through Whitechapel”. Key’s response is that “It is physically impossible for anyone to know whom it holds those assets for.” And well, clearly that’s a lie. If it’s physically impossible to know who owns the assets, well, then they’re mine, and I want them back.
      • Batman 13.2.1

        9 November 2011 at 12:04 pm

        Fuck off and wait your turn. I’ve got dibs on his winery.
14. tc 14

    9 November 2011 at 3:45 pm

    Monorail anybody
15. Brett Dale 15

    9 November 2011 at 4:30 pm

    Two of them seem to be signs from the underground.
    Ones a turnip
    the others a two term Prime Minister.
    • Colonial Viper 15.1

      9 November 2011 at 4:44 pm

      If National win, Key won’t even make it to the end of the 2nd term. He’s already bored.
      • Deadly_NZ 15.1.1

        9 November 2011 at 6:15 pm

        He’ll do the rape and pillage part, transfer the assets to his mates and fuck off to Hawaii, to wait for the back handers (His Share) from them, he’s made richer. And Blinglish and Joyce can fight over the carcase that will be National.
16. Nick K 16

    9 November 2011 at 5:31 pm

    This post must be one about Labour’s policy for trust reform.

    Funny, ‘cos I thought it was another smear on Key.
17. travellerev 17

    10 November 2011 at 9:23 am

    “I mean they sold products that in their heart of hearts they must have known they wouldn’t be repaid for so I can understand that bit….” John Key on breakfast TV 2011
    
    “The initial thought was that, yes, the Internet’s great for foreign exchange because it’s vanilla*. But there are applications that are just as wide in many other areas: corporate bond trading, government credit, equity underwriting, credit derivatives-it’s endless,” John Key managing director of debt in a CBS publication in 1999 when the Glass Steagall act was repealed and he had been invited to serve on the Foreign Exchange committee advising the Federal Reserve of New York.

    The thing to watch is his shares in BofA. They constitute a massive conflict of interest to the Keyster!

    * Interesting way of describing the internet. the term Vanilla is also used to describe conventional (as in boring) sex! Did John Equate foreign exchange with conventional sex while the real exiting stuff was happening in the corporate bond trading, government credit, equity underwriting, credit derivative scams?
18. randal 18

    10 November 2011 at 1:21 pm

    mirror mirror on the wall.
    who is the ugliest of them all?
19. berry 19

    12 November 2011 at 8:33 pm

    If this is true or not there is plenty of evidence that John Key is corrupt. Any national supporters don’t care about the well being of a nation only to keep the rich with their money with tax breaks. Who knows how much damage john key is going to cause by staying in power and how many more dodgy deals he is going to make.

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