not to mention Helen Clark doesn’t “make laws”. it’s done collectively by parliament and in this case was widely supported by most members

oh so true Phil. and we should only have convicts making criminal law, after all what would law-abiding people know about crime?

I like that term “Wide boy” and yup it describes him well.
He was a Wall street hustler alright and the street is coming down as I write this byt hundreds of points and the crash is world wide.

The house voted the bailout down and I’m sure there will be a lot of bullying to get them to vote for it in the next vote planned later today but the Americans are waking up big time.

Captcha: Highest Savings. I swear this captcha thing is alive. LOL.

Face it. Key was a wide boy and still stands by his past wide boy behaviour. Like many of his colleagues still working in that financial system, he’s a con-man

If it could be shown that Clark was bad with children then the statement might have some merit and not be a personal attack I suppose, but even then it would be a stretch.

In 1987 Alan Greenspan brought out an old instrument, it was called a derivative. This financial tool was banned in 1933 because it was this tool that caused the financial collapse of Wall street.
In 1987 the new boss of the Bankers Trust, Charlie Sanford said, “Right we are going to make loads of money.” He opened banks in Australia and New Zealand and they started trading in Foreign currencies and became specialised in “product innovation”.

What they became were “specialists” in the “nascent derivatives business”. In fact they became acknowledged leaders in risk management.

The bank collapsed in 1995 because they were sued successfully after tapes revealed that they were ripping of their costumers with untransparent derivatives. In fact they had a term for that; ROF or Rip of Factor.

In the NZHerald John describes leaving Bankers Trust as follows:

“Then everything turned to shit and I said right, I’m out of here.”

He went on to work for Merrill Lynch and what were his jobs?
According to his own website he was global head of Foreign Exchange and the European head of bonds and derivatives. He had an office in the headquarters of ML in New York and lived there off and on for his entire tenure with ML according to a speech he made on the 11th of September speech to the American/ New Zealand friendship thingy. That makes him well connected to Wall street.

Added to that he was one of only four upon invitation only advisors to Alan Greenspan and the privately owned Federal Reserve of New York from 1999 until march 2001. He represented Merrill Lynch, the others represented Lehman bros, Citicorp and UBS Warburg all these banks are either gone or on live support because they were all heavily involved in the derivatives trade.

John Key was the managing director of debt in 1999 and this is what he had to say about that time:

“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.”

And than the the NZHerald goes on with this beauty:

The products which underpinned the sub-prime boom – then bust – were hatched in 2004-2005, long after Key had left Merrill.

Warren Buffet said in 2002 that the derivative trade was a weapon of mass destruction and in 2003 the FBI was warned that the derivatives and fraudulent mortgage trade was getting out of hand so it is save to say that the derivatives trade was already getting out of hand and had been for quit a while.

Based on all these facts I can only conclude that John Key was trading the self same products that are now collapsing and if so is he the man we want leading this Nation through the depression his and that of other Wall street chomps have helped creating?

Especially when he tells us he wants to borrow loads of money and hand it out as tax cuts euh, no, no, no, invest it in infrastructure?.

The man who worked with the same scheisters who pulled a whopping $ 125 billion of liquidity out of the system last week in order to create a crisis which will now cost the US taxpayer a whopping $700 billion. And that is only the beginning, it could cost the US tax payers closer to US$ 5 trillion.

And I haven’t even started about the Asian Crisis, the collapse of Russia in 1997 and the false timeline he gave about working with Andrew Krieger who almost collapsed the NZ economy in 1987.

What did you say again about accusing John Key?

We’ve got it from the horses mouth as it were. No personal attack needed, he’s told us himself. I reckon he thought that nobody would understand and gave us the dirt on himself.
I also think he didn’t think it would all go to shit this fast, his kind never do.

Question;
Given the events of this political term and the conclusion you’ve reached above, is the following statement then a ‘personal attack’?

Someone without children is not the best person to be making laws relating to how others treat theirs

Why didn’t he get his spin doctors going.
If he or his party can’t employ a decent PR firm how can they expect to lead a nation – I don’t want them in control of my purse strings.

Quote from paper “This is probably the worst financial crisis for a very long time indeed,” Cullen says.

But he wasn’t above making political capital out of the financial turmoil, including the forced sale of Merrill Lynch, a giant international investment bank that used to employ National Party leader John Key.

Merrill Lynch has been bought out in an emergency sale aimed at preventing an imminent collapse. The fire sale to the Bank of America and the collapse of massive investment bank Lehman Brothers have sent world sharemarkets tumbling.

“Mr Key has put forward his Merrill Lynch credentials as an important part of his narrative his story if you like – ‘here I am, I have this international experience as a Merrill Lynch person.’ Well that doesn’t look such a good qualification any longer for running the New Zealand economy…because Merrill Lynch has just gone down,” says Cullen.

BTW thanx Mathew

This is a good example of the way the media bent the actual statements from Cullen into what you have put above. So, interestingly enough, the error in your first statement demonstrates the error in the third. I thought they went pretty softly on Key over the shares issue.

Cullen said that someone with that kind of attitude, a short-term profit attitude as I recall, is not the best person to run the country. The media turned it into a personal attack. I don’t think questioning whether Key is fit to be PM can be considered a personal attack.

Cullen’s actual comments are contained here if you’re interested in comparing what he actually said with the impression of them you gained from the media.

However on the other hand, I must admit that looking up his share dealings from five years ago is in no way a personal attack. Those claims were made on substance, as desperate as they were.

Moreover it’s actually quite hard to believe you when you make comments about how biased the media are towards JK. Simply enough, it’s hard to take you as a reliable source knowing how stretched you are to the left and bent towards ensuring Helen & Co get back in. But your comments about the media do work both ways; on many occasions I have heard right wing commentators moan about how biased particular media articles are to the left. And some of the stories they present are. Recent examples include TV 3′s coverage of the secret recordings business and kiwibank and TV 1 last week with the story on John Key’s shares. They certainly can’t be accused of favouring John Key. It all really balances out in the end.

Equally I think Key had a very valid point that while all this examination was going on the PM did nothing about reviewing Peters and whether his words matched his actions, and then trashed the process that actually did end up doing the work.

But that doesn’t give you the right or the responsibility to propagate baseless rumours about Key (and the same goes for others on Clark) in the hope that something sticks and the Standard has done it before. Otherwise you end up looking like a pink reflection of whaleoil.