web analytics

Murky

Written By: - Date published: 7:30 am, September 26th, 2008 - 75 comments
Categories: john key - Tags:

We know John Key bought shares in Tranzrail on May 7 2003.

We know he then met with Rail America as a representative of New Zealand’s parliament on May 20, 2003.

We know those shares were then sold by June 10, 2003 for a massive profit.

It appears the sale of Tranzrail was discussed during this meeting and we can presume it had been scheduled when the shares were bought.

We don’t know who Key met with or what information was disclosed to him.

Isn’t it about time we did?

75 comments on “Murky ”

  1. Good point – the media has gone apeshit over the details of every single phone call or meeting in the Peter’s scandal but have hardly mentioned this meeting – maybe ‘cos Rodney Hide never whispered it in their ear…

  2. Monty 2

    We know you guys are so desperate to try and keep this story alive – but no one cares – Story is – Family Trust owned shares, John Keyy was starting his rapid rise to Prime Minister, and wisely sold all shares in all portfolios so there would be no conflict of interest. End of Story. As the latest poll this morning proves – the country is much more concerned about the issue of lies and corruption that surround the Labour-first axis. (Is Clark going to spend the weekend gardening?)

  3. IrishBill 3

    Monty, our blog our choice of content. I want to know about the rail America meeting. Too bad if you don’t want a bit of transparency. I have a question for you: if you really think there is “nothing to see here” then why are you looking?

  4. DeeDub 4

    Actually Monty, Key also had shares in his OWN name and I believe these are the shares in question. But I’m sure you already knew that. It’s just more sad and obvious Tory misdirection!

    I’d sure like to know what was discussed at this meeting?

    This won’t go away.

  5. Shit yeah,

    And while we’re at it let’s discuss his “management of debt” role at Merrill Lynch in 1999 when the Glass Seagall law was repealed so Wall street could go on a rampage.

    And let’s get his opinion on all those mum and pop investment companies that went bust this year. You know all those salt of the earth investors hoping to have a little more than a pension to live off in their golden days and probably voting National because a “banker” knows about money.

  6. Thomas the Unbeliever 6

    I’m sure you’re right. This is a vitally important story. Cover it in as much detail as you can … but good luck in trying to get most of NZ interested.

    It will give you something to do as Labour’s parliamentary ship is slowly scuttled by its crew.

    In the meantime – the people of NZ have moved on. They have seen, they have judged, and they find Labour in contempt. If you got out more you would hear it on the streets. So many Labour voters are struggling with the notion that, for the first time in their lives, they simply cannot stomach voting for a Labour Government.

  7. he Monty,

    Again what’s with the royal “we”?
    So far I see only one name.
    And is it the “full” Monty?

  8. randal 8

    actually I would like to know who the ‘we’ is monty. the nats have a very bad tendency to give directions to others and to either imply or indeed act in concert with others so speak man. who is this WE you keep banging on about?

  9. Akdnut 9

    Monty “As the latest poll this morning proves” – You are as full of it as JK, read the polls link http://www.thestandard.org.nz/?p=3101 you’ll understand they are just a tory vote mechanism designed to catch and influence idiots like you because you actually believe that shit.

  10. DeeDub 10

    Thomas – dream on buddy! Who are you to speak for the ‘people of New Zealand’?!! FFS! Talk about pompous!?!!

    Captcha: trainload on
    heh heh

  11. Thomas the Unbeliever 11

    DeeDub – I speak for no one but myself.

    Hey, I could be wrong. All the “people of NZ” I meet most days could well be an insular group of crackpots mired in their own personal political prejudices – unlike those on this worthy blog. I could be misinterpreting the contempt I hear for Lanour in particular – but smeared also across polticians from all sides (and their cheerleaders).

    I suspect we will see on November 8 – not only in the vote against this government – but more importantly by the number who have lost faith in the political process and fail to vote.

  12. Akdnut 12

    Thomas I am one of the people that you are speaking about and I sure don’t give you the my proxy how about a list of those who do and a reason why you should actually be the judge so we may contemplate taking you seriously.

  13. randal 13

    whataloada crap ttu. any competent psychiatrist would see that you dont have enough personal contacts to form a proper sample and furthermore you are projecting your own fantasy’s onto the world at large. It is either a desperate attempt to maintain psychical reality or you are being programmed by a party operative who I guess is sufficient for you to claim ‘WE”.

  14. Matthew Pilott 14

    Monty, you can’t even lie convincingly. The latest poll showed (if we are to take it at face value) that the public do not give a flying toss about what you see as “the issue of lies and corruption that surround the Labour-first axis” given NZF went up slightly, and Labour went down marginally and within the MoE.

    Either the public doesn’t care about lies or corruption, or (clearly more likely) you’re full of the proberbial and can’t see what’s going on as well as the rest of NZ.

    Not to mention the poll explicitly stated the economy was the most important issue. Maybe try to open one eye, and we’ll try for the second one if you’re sucessful with the first.

  15. Monty 15

    Hi Guys – As I understand it John Key did not own any shares personally, all 100,000 were in the name of the family trust (quite usual to do that) I appreciate that this is your blog and you can post on what ever you want – as does my friend Cam Slater at Whaleoil and the lads at No Minister etc – I enjoy reading all the blogs – but mostly I enjoy commenting here and until I am banned for speaking my Mind I intend to do so right up until 8 Novemeber 2008.

    Maybe also on the 9 November when I will be a gloater.

    Dubdub and others – your problem iss that Labour have deliberately got some important facts wrong – such as dates and who owned what. The lazy and excitable media did not fact check – but rather ran blind with the story fed by the Labour Party spin machine.

    People are way more concerned about the decpetion of the Labour-First axis and the lies of Winston Peters and Labour’s continued protection – which is strange and we all need to know why she is protecting him – I think that is the bigger story. –

  16. Matthew Pilott 16

    Mr Covenant – I hear the exact opposite – That People were considering National but just can’t trust them.

    I suspect it’s more the circles we move in, unless you’re taken to random samples on teh street and in the pub.

    …by the number who have lost faith in the political process and fail to vote.

    Given the prevalence of politics in the news as of late, and the prospect of a humdinger of a campaign, I anticipate an increase in overall polling this year. I realise that the turgid Peters affair will turn some people off, but I expect the nett effect to be inspiring people to vote against him. Do you really think there will be increasing apathy this year?

  17. Dom 17

    Hey Thomas, assume you got your ‘Labour voters can’t bring selves to vote Labour’ line from a Nat-distributed list of things to say on left wing blogs since I’ve seen the exact same line on at least three different sites now.

    Gee you right-wingers, have you NO creativity?

    Oh that’s right – you don’t.

    I think this Key story was just the first act…there’s more lying about his interests to uncover…heck, maybe they have uncovered it already. Key should SO be declaring any little secrets he’s got hiding, but he’s clearly not going to. Clueless doesn’t even begin to describe this.

  18. Monty 18

    No Matthew – you are wrong – the country cares deeply about the corruption of our politicians – so much so that over 50% want clark to be evicted and the majority suport for national remains strong because although he makes mistakes (as all politicians do) he actually fesses up, admits in and is believable in doing so.

    I know you must be squirming at present that you hits are not having an impact – but the country is seeing the the cynical attempts to run interference on the big stories surrounding the Labour-first axis.

    If you want to talk about the economy fine – it seems there Key is also more trusted to take NZ forward than Labour. You can establish your own reasons for than

  19. Go The Right 19

    Mathew

    Someone is going to right and someone is going to be wrong. I believe personally the National , United Future, Maori, Act Government will be in. Sharples has said today that Helen is tired and needs to go so that is all good for the Nats.

    Just as a aside I believe Labour are very concerned about the results they are getting from their own internal Polling particularly in the Auckland region I’m sure you will know that as you are close to the action.

  20. randal 20

    monty Keys is not more trusted than Labour to take nNew Zealand forward whatever that little slice of crosbytextorism meANS. KEYS IS A PROVEN SHYSTER and no matter how much you try and project your fantasy onto the world at large it is and always will be a delusion and if you are not careful could develop into a full blown psychosis.

  21. Monty,

    No explanation as to the royal “we” and “Novemeber”?

    New Zealand is one of only three countries least corrupt.
    Deuh.

  22. yl 22

    Oh Monty,

    You are counting your chickens before they are hatched.

    Corruption is such a strong word and you throw it around all to quickly. You seem to talk more about personalities with politics rather then policy. I think that is a dangerous line to take.

    As the election gets closer more people will take notice of what each party stands for rather then this current political point scoring.

    The gap is goinng to close.

    National wont have enough by themselves and the Maori party will decide who is going to form the next government.

    Captcha $169,360,542.11 Stapy (that is the strangest one i have ever gotten)

  23. r0b 23

    the country cares deeply about the corruption of our politicians – so much so that over 50% want clark to be evicted

    Blah blah blah blah blah. Deliberate lies or profound stupidity, you be the judge.

    (1) NZ is the least corrupt country in the world.

    (2) National is high in the polls for various reasons, nothing to do with “corruption”. And half of all voters don’t trust National.

  24. Daveski 24

    And Pita doesn’t trust Helen either 🙂

  25. infused 25

    What the hell are you on about Randal. Put down that pipe!

    travellerev, it won’t be once the full scale of what Labour has done is found out over the next few years. I love how you guys keep referring to that. Going to bite you in the ass.

  26. Infused,

    For what it’s worth, I don’t trust anyone who wants power and I’m sure labour has done it’s share but a Wall street lying scum bag banker has no place in new Zealand politics.

  27. higherstandard 27

    Although still banned….. r0b

    NZ is ‘perceived’ as a very “non-corrupt” country – and rightly so.

    This does not however correlate to a complete lack of corruption and that occasionally things occur that shouldn’t.

    [lprent: Added you to the moderated list. Tell me in a few days when you’re out of ban.]

  28. Tony Norriss 28

    I thought it was hilarious when Labour decided to campaign on trust.

    All National needs to do is run adds showing Labour’s BIGGEST EVER donor, Owen Glenn, stating how he wouldn’t want to be in the trenches with that lot, and now Pita Sharples comments about not trusting them.

    The thing is, Labour is trawling the depths trying to come up with dirt on National. However, National doesn’t need to stoop to that level. The reason is that Labour is caking itself with as much brown stuff as it possibly can right in the public view. No need for National to run a negative campaign on Labour. Labour is doing that FOR them.

  29. lukas 29

    randal and eve… did you see the amount of times IB used the “royal we” in this post? I would copy and past them but that would be the whole post bar one sentence!

  30. Thomas the Unbeliever 30

    It’s interesting the assumptions people make.

    I have probably voted Labour as much as National over the last 30 years. I have never been a member of a poltical party. My criteria for voting is more weighted to the personal integrity of a candidate (or at least what I perceive it to be)rather than an particular party platform.

    I am less concerned with the machinations of MMP. I would rather hold to the naive belief that if enough people of integrity are elected to parliament – it will not matter which party they belong to.

    For that reason – if I was to vote purely on political integrity in this election – I would probably be voting for the Maori Party.

  31. he Lucas,

    I’m with Irishbill on this one so he has a right to say we.
    Added to that he probably speaks for the mates he blogs with on this site while you are just a lone commentator and if you still believe that John Key is something other than a used car salesman, snake oil salesman or whatever you are getting to be quit lonely.

  32. Matthew Pilott 32

    Rob – what does ‘Close to the action’ mean? I haven’t been polled in South Auckland, nor am I a South Auckland voter if that’s what you mean. Or are you making an amateur attempt to play the stalking game? If so, I’ll be honest with you – you’re just not bright enough.

    No Matthew – you are wrong – the country cares deeply about the corruption of our politicians – so much so that over 50% want clark to be evicted and the majority suport for national remains strong because although he makes mistakes (as all politicians do) he actually fesses up, admits in and is believable in doing so.

    Monty, you still can’t lie convincingly – the polls do not say corruption is an issue. People would care about it if it were happening, but shy of the KBR, rational folk have come to a different conclusion.

    That is why people have said conclusively, and repeatedly, that the economy is their biggest issue. Followed by tax, health, education, law and order (in no particular order) and ‘corruption and lies’ don’t ever register. Ever. get your head around that one.

    Your corruption rantings aside, most or the folk out there are concerned about the economy and the effect it will have on them and their families. This is what they’re saying, based on polls (see, this is where you and I differ – you like to make things up).

    ?If you want to talk about the economy fine – it seems there Key is also more trusted to take NZ forward than Labour. You can establish your own reasons for than

    Yep, I sure can, and a whole lot better than yourself… Labour isn’t doing well because prices are up, the economy is going through a rough patch, and people throughout the history of democratic elections will vote against an incumbent in such times. Nothing to do with 50% of people thinking National will do better – you just have no historical perspective, or choose to ignore it because it gets in the way of your little rants.

    I know you must be squirming at present that you hits are not having an impact

    My hits? Squirming? Uh, right. Yep despite my best efforts, ah, nothing’s happening. Who exactly do you think I am?

  33. Pascal's bookie 33

    Thomas, fair enough.

    My view is that they are politicians, not role models. Every now and then you get one that can be both of course, but most often they’ll let you down if you are looking for ‘integrity’.

    The reason I say that is not that I think they are all lying scum or anything so cynical, but that integrity is a slippery thing to define.

    Ignoring policy in favour of integrity ignores the point that it is policy that is at the heart of politics. People of great integrity can disagree completely about what is the right policy. They can believe each other to be genuinely dangerous in terms of those policy differences.

    Thus their integrity to their beliefs about policy, their belief that it really is best for the Nation that their opponents not be in power, can lead them to use tactics that we might not like.

    For myself, when I see a pollie running on a platform of ‘personal inegrity’ and not much else, I get very suspicious. They are easy words to say about yourself, especially if you’ve only got a short record, and it’s even easier to find fault in your opponents record.

    But it leaves the question unanswered as to what the poltician plans on doing with the power s/he is seeking. Being clear and consistent about that question is the most integral one there is, in my view.

    Integrity with regard to the fluffy non policy aspects of politics is easy to fake.

  34. lukas 34

    Eve-if you still believe that John Key is something other than a used car salesman, snake oil salesman or whatever you are getting to be quit lonely.

    No, I don’t think I am getting to be quit lonely at all (is that even possible to quit being lonely?). However, I do know what you meant to type and still find your comment amusing considering the latest polls show that of decided voters over 50% of them are going to be voting for a JK National Party… since when has 50% been lonely?

  35. Felix 35

    Are bans from The Standard now respected optionally?

    Does this apply to everyone banned or just doctors?

  36. Pascal's bookie 36

    Felix, it’s an honour system.

  37. lprent 37

    And if the people in question don’t have any honour then I’ll enforce it. Since that takes effort, my inclination is to ban permanently and enforce that on their identity. If that doesn’t work then I start looking at IP’s.

    Of course I don’t get every instance – want to point out a comment?

    Oh I see – hs.

  38. Ms M 38

    “For that reason – if I was to vote purely on political integrity in this election – I would probably be voting for the Maori Party.”

    Thomas, I was of similar leanings towards the Maori Party, fair play, fair go. But recent events have my ‘integrity meter’ screeching “warning Will Robinson”, so I did some digging.

    Ask yourself, why does National want to scrap the R&D Fast Forward Fund, lower the amount of R&D tax credits for businesses, a Labour policy hailed by business and most welcome, and instead fund a $20 million a year research centre aimed at reducing farm-produced greenhouse gases, according to Key’s policy statement with, “scientists and researchers from Crown and private sector agencies working together on a commonly agreed work programme?”

    Then take a good hard look at the 30 investors who will receive $17 million pay out for their Tranz Rail shares.

    Mark my words, if National make the next government, the Maori Party will sell their waka emissions to the highest off shore carbon credit trader.

  39. Lyn 39

    To second PB and add my own spin – looking at a politician’s position on the left-right spectrum will often give you a good steer about their concience voting (just have a look at this break-down – finally SPUC is good for something), while the position of the candidate’s party itself obviously gives an indication about what kinds of legislative change they will try to get through while they are in government. I could never vote for someone on the right just because they had integrity. As PB says – they could perfectly integritously put bills before the house I found completely repugnant.

    What voting with the political spectrum uppermost doesn’t allow you to do is vote to put someone you think will be a good electoral MP into the house. But I figure, in an environment where people move, there is heavy urbanisation, an increasingly cosmopolitan population and MMP, this is far less important than it used to be. I’m more interested in legislative trends than in what my local MP can do for me personally.

  40. Chris 40

    Are you referring to this Ms M?.

  41. Quoth the Raven 41

    the country is much more concerned about the issue of lies and corruption that surround the Labour-first axis.

    Monty – Axis? Do you get all your lines from Hooton?

  42. rave 42

    A bit of light relief from the Hooton wanabees
    Wanda Sykes on the Bailout and Palin
    http://www.marxmail.org/msg49259.html

  43. Felix 43

    Cheers rave, that was hilarious. And she’s 100% right about everything too.

    p.s. those marxists really know how to rock a web page!

  44. Go The Right 44

    Sorry Mathew I thought I was clear enough in what I was saying you are close to the Action the Labour Party so you would know about the very poor Polling coming out of Auckland.

    I heard last week about it so I thought you would know especially about the party vote falling away in Key areas.

    In regards to Intelligence sorry to deflate your Ego Mathew but I never picked you as an Intellectual heavy weight maybe you are just a legend in your own mind.

    My darkness has been filled with the light of intelligence, and behold the outer daylit world was stumbling and groping in Social blindness (very apt for the Labour Party I think)

    Children are remarkable for their intelligence and ardor, for their curiosity, their intolerance of shams, the clarity and ruthlessness of their vision (Could do with a few more Children in the Labour Party I believe but need a vision first)

    I have always felt that a person intelligence is directly reflected by the number of conflicting points of view he / she can entertain simultaneously on the same topic. (Mathew Im afraid you fail terribly in this area as you dont entertain conflicting point of views which is sad because it shows a closed mind not a good place to be in) Not just you but many from The Standard

    Cheers Mathew have a good day

  45. good call.. but murky meets darkside with the following clip from Hickey’s recent entry at interest —

    Citigroup also estimated ANZ had US$11.6 billion worth of credit default swap exposure that could be endangered if a counterparty was downgraded or got into trouble.
    “We have concerns that in the current environment there is substantial risk of further counterparty credit rating downgrades which could result in further material impairment charges for ANZ,’ Citigroup wrote.

    Some of this credit default swap(CDS) — it’s a kind of company-to-company insurance(each party writing its own IOU, the intermediary broker/banker/whoever taking fees both ways. Lucrative. Very, when the figures go big – would relate to enzed. Intra or the bank et al would wish it solely internal biz though as you see above that wish is hardly credible to the public gaze.

    So who is the self-professed expert in this kind of thing, the politician with such a ‘clean’ image and staunch leader for integrity (aka uprightness, probity)..? Yes, it really is time for the revelation of his skills in these areas..

  46. it would be useful in making comments more readable if I knew how to code blockquotes here..

    ideas/help welcome

    [lprent: http://www.thestandard.org.nz/?page_id=1938#quoting ]

  47. Matthew Pilott 47

    Rob if you’re trying to pretend you know me personally then you’re making a fist of it, but seriously, don’t play the stalking game with me beause I choose to use my real name.

    Can’t recall saying that I am an intellectual heavyweight but I suppose it could be construed as saying so by default by mocking your lack of said intelligence. Given your propensity to steal other people’s comments, pretend they’re yours and pose absolutely no contrition whatsoever I reckon it’s a justified call.

    Were you getting evangelical for a minute there, Rob? I quite liked it.

    Huh, wait, you’re just quoting other people’s comments as yours again, to sound intelligent. You think you’d have learned. See, the bits where you sound smart stick out like morning wood against the rest of your comments. Maybe you should quote comments that aren’t as floral in future, if you want to be able to pass them off as your own.

    For everyone’s edification, Rob has been using Brainyquote.com. He sure as hell needs it.

    Children are remarkable for their intelligence and ardor, for their curiosity, their intolerance of shams, the clarity and ruthlessness of their vision.

    My darkness has been filled with the light of intelligence, and behold the outer daylit world was stumbling and groping in Social blindness

    I’ve always felt that a person’s intelligence is directly reflected by the number of conflicting points of view she can entertain simultaneously on the same topic.
    Lisa Alther

    Here’s one of my favoiurite quotes (note that I am making it plain and clear to those who are reading this that it is not my quote, this I avoid your dirty tag of being a plagiarist, AGAIN) for you, Rob:

    “There he goes. One of God’s own prototypes. Some kind of high powered mutant never even considered for mass production. Too weird to live, and too rare to die.’

  48. DeeDub 48

    All this talk of the Maori Party going with the Nats has me wondering which planet I just woke up on?!! WTF?

    In my opinion, if the Maori Party form any part of a government with the Nats they can kiss goodbye to a large part of their core support for a long, long time. Supporting the party that will (among a myriad of other policies that will adversely affect the poor, where Maori are still over-represented) remove ALL control on what GPs charge would be political suicide for them. The Nats must be pinching themselves in disbelief at the Maori Party’s political naivety. That or the Maori Party are playing some cunning long game that I can’t figure out?

  49. Go The Right 49

    Mathew Please favourite is spelt like that not favoiurite. I never said it was mine I said it was one of my favourites Mathew any Intellectual pygmy can work that out come on get on task here!!

  50. Pat 50

    150 years after the King Movement comes the Kingmaker Movement! Finally the Maori voice in Parliament will have some power to go with it.

    Kia Kaha Pita

  51. Matthew Pilott 51

    Rob, I’m sorry for my misspelling of ‘favourite’. Shall I have a go at critiquing your towering English skillz? That’ll take all day, perhaps not.

    I never said it was mine I said it was one of my favourites.

    You, Rob, are incredibly stupid. You’ve passed off three quotes as your own, been called up on it and are AGAIN trying to pretend that’s not what happened.

    Rob, in case you didn’t realise, we are not having a spoken conversation. I can scroll up, and read your comment. There is no mention before any of the three quotes that they are not yours.

    You have not said that ‘it was one of your favoutites’. That was me.

    Given that one starts with a posessisive adjective, and the other starts with “I”, it would not be unreasonable to assume that they were your comments.

    So again, you’ve tried to pass off someone else’s work as your own, without attributation or reference.

  52. Go The Right 52

    Mathew I take it that you have heard of Labours evaporating party vote in Auckland because you arent commenting on it So it must be a sore point with you.

    Its funny how word gets round I know someone who is related to a Labour MP and there you have it. So what do you put that party vote evapouration donw to Mathew? I know its a real concern for them

  53. muchos gracias, iprent

    For others the Hickey quote (my earlier comment) runs off the second link here. Which readers will find below the blog post.

  54. randal 54

    the maori party is going nowhere. basically they are angry people who think if they get 2000 acres, a landrover and a falcon then they will be as good as white people. NUp they will just be maoris with a big mortgage and a bank manager who doesnt care what colour they are as long as he gets his money. thier policy is to send as many maori as they can to accountancy and lawyer school when they should be aiming at anthropology, history and philosophy but I guess that is too spiritual for the materialists.

  55. Matthew Pilott 55

    Rob, no I hadn’t heard of that from Labour’s internal polling, though isn’t that what public polling is also showing? Your ‘insider’ ain’t much of one I’m afraid. I’m also not talking about it because I’m not going to discuss anything personal (true or otherwise) in a public domain such as this, there are a lot of dodgy people out there, which is why so few choose to post without a pseudonym. Don’t contribute to that, Rob.

    Are you going to apologise this time, for plagiarism and refusing to acknowledge it, or can I safely assume anything intelligent you put forth forthwith is copy & pasted?

    I could equally, Rob, suggest you aren’t commenting on your nasty herpes because it is a sore point for you (literally and otherwise). Your not commenting on something doesn’t make it true, of course, as I hope this illustrates to you, though I suspect a logical fallacy is beyond your grasp.

  56. Swampy 56

    We know that the John Key trust took a loss of $100,000 in total on all their Tranz Rail shares

  57. Swampy 57

    The Tranz Rail share issue is sooo old and soooo trivial as we can see by the amount of time the mainstream media are not giving to it. In fact that you guys are still flogging a dead horse days later begs a lot of questions, like is there really nothing else happening out there?

  58. Tim Ellis 58

    In this climate of leaks and counter-leaks it’s sometimes hard to know what is real and what isn’t. There is an interesting apparent leak of an excerpt of John Key’s diary at http://whaleoil.co.nz/?q=content/day-life-john-key

    It looks quite damning. Is it correct that Cam has scooped you guys for this?

  59. Matthew Pilott 59

    We also know that the trust would have take a far greater loss had Key not bought the second lot of shares.

    Just because he lost money doesn’t make it ok.

    Nice “move along” attempt.

  60. update: call it lucky, call it surprise surprise but right after my last post here – thanking iprent – i received a blogpost about Warren Buffett’s US$5bn buy into Goldman Sachs which folks may have seen in the news this week. He called it The Great Betrayal, explaining how the deal was to ‘pump’ confidence back into US markets. Also at buys like this the stock discounted nicely with the result he (WB) bought more. Yet the kicker was what did WB get.. Answer:—

    In the deal Buffett gets 10% interest, that’s a credit default swap, that says he doesn’t trust it..

    My point being to say right here and now how the business of CDS is more about DISTRUST. Between companies, firms. corporations.. and so on.. The in-between figure, as previously mentioned, making sizeable bucks out of it..

    And an additional local question would be which enzed politician has claimed expertise in this business of distrust..? Could the above illustration explain why to date he has not been forthcoming about this..?

  61. Anita 61

    Go The Right,

    I heard last week about it so I thought you would know especially about the party vote falling away in Key areas.

    Only yesterday I heard that the Large Hadron Collider has already created a black hole which is eating away Switzerland as we type.

    “I heard it from a guy who got it from this other guy who…” is not evidence.

  62. Felix 62

    (GTR) = (Rob)

  63. Anita 63

    Felix,

    This is what I am thinking, yes :-/

    At least he hasn’t cited talkback as evidence (yet).

  64. randal 64

    no. We and I mean most of us not privy to John Keys share dealings do not know how much he lost on his transactions. WE only have his word and that aint worth much these days no matter how much the main stream media try and and prove how hip they are in this post modern world by only focussing on John Keys Truths and not his lies.

  65. buddies tell me there’s guy commenter here(TE) in the ‘apparent’ biz.. and they advise how an explanation like google ads on the right say it.

    Apparents come and go.. and for the good folks here the sooner they are gone the better..

  66. randal 66

    Is that the guy saying like dude WE should not be concentrating on Keys shonkey share dealing because there is other stuff happening out there. Well what. tell us all.WE want to know. NOW! whip it out.

  67. randal,

    wherefore art thou.. — you look decidedly better on longer short words..

    Here’s another.. meek. Go, seek, get biblical if you must, but the time to inherit is next soon.. not NOW!

  68. oops! that should have been longer and next (= strikethroughs) just testing your understand.

  69. Felix 69

    jo, you are totally testing my understand.

  70. Matthew Pilott 70

    Jeez Tim, hadn’t picked you to whore for him…

    Felix, he responds to Rob, and copy and pastes other people’s work. Only a few are that low. Of course it is Rob.

    Anita, did you notice I mentioned Rob’s herpes and he didn’t deny it? Must be true…coz I heard it from this guy…

  71. Felix 71

    Yeah, the fact that he responds to “Rob” is really funny. I’m quite sure he’d deny it if it were put to him too.

  72. Pascal's bookie 72

    I’m Not sure if it’s a code, but I like the way Rob uses capital letters to let us Understand his Thoughts.

    Works better in Crayon though.

  73. Tim Ellis 73

    Jeez Tim, hadn’t picked you to whore for him

    Not often MP, but I thought that post had so many in-jokes it was worth sharing.

  74. Felix 74

    Pb,

    Ha! I never noticed that – not Consciously anyway. Oh shit, this might be hard to Stop.

  75. Matthew Pilott 75

    Do you feel dirty, Tim?

    Joking aside, it was a bit weak (I did have a look. Also feel dirty).

Recent Comments

Recent Posts

  • Initial Mental Health and Wellbeing Commission report shows progress
    Health Minister Andrew Little welcomes the Initial Mental Health and Wellbeing Commission’s assessment that transformation of New Zealand’s approach to mental health and addiction is underway. “This is an important step in the Government’s work to provide better and equitable mental health and wellbeing outcomes for all people in New ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Over $300m returned to COVID-hit travellers
    The Government’s Consumer Travel Reimbursement Scheme has helped return over $352 million of refunds and credits to New Zealanders who had overseas travel cancelled due to COVID-19, Consumer Affairs Minister David Clark says. “Working with the travel sector, we are helping New Zealanders retrieve the money owed to them by ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Hundreds more schools join free lunches programme
    An additional 88,000 students in 322 schools and kura across the country have started the school year with a regular lunch on the menu, thanks to the Government’s Ka Ora, Ka Ako Healthy School Lunches programme. They join 42,000 students already receiving weekday lunches under the scheme, which launched last ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt’s balanced economic approach reflected in Crown accounts
    New Zealand’s economic recovery has again been reflected in the Government’s books, which are in better shape than expected. The Crown accounts for the seven months to the end of January 2021 were better than forecast in the Half Year Economic and Fiscal Update (HYEFU). The operating balance before gains ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Over half of border workforce receive first vaccinations
    More than half of New Zealand’s estimated 12,000 border workforce have now received their first vaccinations, as a third batch of vaccines arrive in the country, COVID-19 Response Minister Chris Hipkins says. As of midnight Tuesday, a total of 9,431 people had received their first doses. More than 70 percent ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Boost in funding to deliver jobs while restoring Central Otago’s lakes and waterways
    The Government is significantly increasing its investment in restoring Central Otago’s waterways while at the same time delivering jobs to the region hard-hit by the economic impact of Covid-19, says Land Information Minister, Damien O’Connor.   Mr O’Connor says two new community projects under the Jobs for Nature funding programme will ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Next stage of COVID-19 support for business and workers
    The Government has confirmed details of COVID-19 support for business and workers following the increased alert levels due to a resurgence of the virus over the weekend. Following two new community cases of COVID-19, Auckland moved to Alert Level 3 and the rest of New Zealand moved to Alert Level ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Govt committed to hosting Rugby World Cup
    The Government remains committed to hosting the Women’s Rugby World Cup in New Zealand in 2022 should a decision be made by World Rugby this weekend to postpone this year’s tournament. World Rugby is recommending the event be postponed until next year due to COVID-19, with a final decision to ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Support Available for Communities affected by COVID-19
    Community and social service support providers have again swung into action to help people and families affected by the current COVID-19 alert levels. “The Government recognises that in many instances social service, community, iwi and Whānau Ora organisations are best placed to provide vital support to the communities impacted by ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Govt announces review into PHARMAC
    The Government is following through on an election promise to conduct an independent review into PHARMAC, Prime Minister Jacinda Ardern and Health Minister Andrew Little announced today. The Review will focus on two areas: How well PHARMAC performs against its current objectives and whether and how its performance against these ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Impressive response to DOC scholarship programme
    Some of the country’s most forward-thinking early-career conservationists are among recipients of a new scholarship aimed at supporting a new generation of biodiversity champions, Conservation Minister Kiri Allan says. The Department of Conservation (DOC) has awarded one-year postgraduate research scholarships of $15,000 to ten Masters students in the natural ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech to ANZLF Virtual Indigenous Business Trade and Connections Event
    I acknowledge our whānau overseas, joining us from Te Whenua Moemoeā, and I wish to pay respects to their elders past, present, and emerging. Thank you for the opportunity to speak with you all today. I am very pleased to be part of the conversation on Indigenous business, and part ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Main benefits to increase in line with wages
    Social Development and Employment Minister Carmel Sepuloni announced today that main benefits will increase by 3.1 percent on 1 April, in line with the rise in the average wage. The Government announced changes to the annual adjustment of main benefits in Budget 2019, indexing main benefit increases to the average ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Deed of Settlement signed with Ngāti Maru (Taranaki)
    A Deed of Settlement has been signed between Ngāti Maru and the Crown settling the iwi’s historical Treaty of Waitangi claims, Minister for Treaty of Waitangi Negotiations Andrew Little announced today. The Ngāti Maru rohe is centred on the inland Waitara River valley, east to the Whanganui River and its ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Support in place for people connected to Auckland COVID-19 cases
    With a suite of Government income support packages available, Minister for Social Development and Employment Carmel Sepuloni is encouraging people, and businesses, connected to the recent Auckland COVID-19 cases to check the Work and Income website if they’ve been impacted by the need to self-isolate. “If you are required to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Statement on passing of former PNG PM Sir Michael Somare
    Prime Minister Jacinda Ardern has expressed her condolences at the passing of long-serving former Prime Minister of Papua New Guinea, Grand Chief Sir Michael Somare. “Our thoughts are with Lady Veronica Somare and family, Prime Minister James Marape and the people of Papua New Guinea during this time of great ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to the National Māori Housing Conference 2021
    E te tī, e te tā  Tēnei te mihi maioha ki a koutou  Ki te whenua e takoto nei  Ki te rangi e tū iho nei  Ki a tātou e tau nei  Tēnā tātou.  It’s great to be with you today, along with some of the ministerial housing team; Hon Peeni Henare, the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Drone project to aid protection of Māui dolphin
    The Government is backing a new project to use drone technology to transform our understanding and protection of the Māui dolphin, Aotearoa’s most endangered dolphin.    “The project is just one part of the Government’s plan to save the Māui dolphin. We are committed to protecting this treasure,” Oceans and Fisheries ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New water regulator board announced as major Government reform moves forward
    Major water reform has taken a step closer with the appointment of the inaugural board of the Taumata Arowai water services regulator, Hon Nanaia Mahuta says. Former Director General of Health and respected public health specialist Dame Karen Poutasi will chair the inaugural board of Crown agency Taumata Arowai. “Dame ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • North Auckland gets public transport upgrade
    The newly completed Hibiscus Coast Bus Station will help people make better transport choices to help ease congestion and benefit the environment, Transport Minister Michael Wood and Auckland Mayor Phil Goff said today. Michael Wood and Phil Goff officially opened the Hibiscus Coast Bus Station which sits just off the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Supporting work to protect Northland reserve
    New funding announced by Conservation Minister Kiri Allan today will provide work and help protect the unique values of Northland’s Te Ārai Nature Reserve for future generations. Te Ārai is culturally important to Te Aupōuri as the last resting place of the spirits before they depart to Te Rerenga Wairua. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Critical step to new housing deal for Pacific communities
      Today the Government has taken a key step to support Pacific people to becoming Community Housing providers, says the Minister for Pacific Peoples, Aupito William Sio. “This will be great news for Pacific communities with the decision to provide Pacific Financial Capability Grant funding and a tender process to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Consultation opens on proposed Bay of Islands marine mammal sanctuary
    Conservation Minister Kiri Allan is encouraging New Zealanders to have their say on a proposed marine mammal sanctuary to address the rapid decline of bottlenose dolphins in Te Pēwhairangi, the Bay of Islands. The proposal, developed jointly with Ngā Hapū o te Pēwhairangi, would protect all marine mammals of the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Three District Court Judges appointed
    Attorney-General David Parker today announced the appointment of three new District Court Judges.    Two of the appointees will take up their roles on 1 April, replacing sitting Judges who have reached retirement age.     Kirsten Lummis, lawyer of Auckland has been appointed as a District Court Judge with jury jurisdiction to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government announces list of life-shortening conditions guaranteeing early KiwiSaver access
    Government announces list of life-shortening conditions guaranteeing early KiwiSaver access The Government changed the KiwiSaver rules in 2019 so people with life-shortening congenital conditions can withdraw their savings early The four conditions guaranteed early access are – down syndrome, cerebral palsy, Huntington’s disease and fetal alcohol spectrum disorder An alternative ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Reserve Bank to take account of housing in decision making
    The Reserve Bank is now required to consider the impact on housing when making monetary and financial policy decisions, Grant Robertson announced today. Changes have been made to the Bank’s Monetary Policy Committee’s remit requiring it to take into account government policy relating to more sustainable house prices, while working ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Investment to reduce cochlear implant waitlist
    The Labour Government will invest $6 million for 70 additional adult cochlear implants this year to significantly reduce the historical waitlist, Health Minister Andrew Little says. “Cochlear implants are life changing for kiwis who suffer from severe hearing loss. As well as improving an individual’s hearing, they open doors to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Māori wards Bill passes third reading
    The Local Electoral (Māori Wards and Māori Constituencies) Amendment Bill passed its third reading today and will become law, Minister of Local Government Hon Nanaia Mahuta says. “This is a significant step forward for Māori representation in local government. We know how important it is to have diversity around ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government delivers 1,000 more transitional housing places
    The Government has added 1,000 more transitional housing places as promised under the Aotearoa New Zealand Homelessness Action Plan (HAP), launched one year ago. Minister of Housing Megan Woods says the milestone supports the Government’s priority to ensure every New Zealander has warm, dry, secure housing. “Transitional housing provides people ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Second batch of Pfizer/BioNTech doses arrives safely – as the first vaccinations take place in the...
    A second batch of Pfizer/BioNTech vaccines arrived safely yesterday at Auckland International Airport, COVID-19 Response Minister Chris Hipkins says. “This shipment contained about 76,000 doses, and follows our first shipment of 60,000 doses that arrived last week. We expect further shipments of vaccine over the coming weeks,” Chris Hipkins said. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • $18 million for creative spaces to make arts more accessible
    The Minister for Arts, Culture and Heritage Carmel Sepuloni has today announced $18 million to support creative spaces. Creative spaces are places in the community where people with mental health needs, disabled people, and those looking for social connection, are welcomed and supported to practice and participate in the arts ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Moriori Claims Settlement Bill passes first reading
    Treaty of Waitangi Negotiations Minister Andrew Little today welcomed Moriori to Parliament to witness the first reading of the Moriori Claims Settlement Bill. “This bill is the culmination of years of dedication and hard work from all the parties involved. “I am delighted to reach this significant milestone today,” Andrew ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government action reduces child poverty
    22,400 fewer children experiencing material hardship 45,400 fewer children in low income households on after-housing costs measure After-housing costs target achieved a year ahead of schedule Government action has seen child poverty reduce against all nine official measures compared to the baseline year, Prime Minister and Minister for Child Poverty ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Entries open for the 2021 Prime Minister’s Education Excellence Awards
    It’s time to recognise the outstanding work early learning services, kōhanga reo, schools and kura do to support children and young people to succeed, Minister of Education Chris Hipkins says. The 2021 Prime Minister’s Education Excellence Awards are now open through until April 16. “The past year has reminded us ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Jobs for Nature benefits three projects
    Three new Jobs for Nature projects will help nature thrive in the Bay of Plenty and keep local people in work says Conservation Minister Kiri Allan. “Up to 30 people will be employed in the projects, which are aimed at boosting local conservation efforts, enhancing some of the region’s most ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Improvements to the Holidays Act on the way
    The Government has accepted all of the Holidays Act Taskforce’s recommended changes, which will provide certainty to employers and help employees receive their leave entitlements, Workplace Relations and Safety Minister Michael Wood announced today. Michael Wood said the Government established the Holidays Act Taskforce to help address challenges with the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • NZ’s credit rating lifted as economy recovers
    The Government’s handling of the COVID-19 pandemic and faster than expected economic recovery has been acknowledged in today’s credit rating upgrade. Credit ratings agency Standard & Poor’s (S&P) today raised New Zealand’s local currency credit rating to AAA with a stable outlook. This follows Fitch reaffirming its AA+ rating last ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Speech to National Remembrance Service on the 10th anniversary of the Christchurch earthquake
    Tena koutou e nga Maata Waka Ngai Tuahuriri, Ngai Tahu whanui, Tena koutou. Nau mai whakatau mai ki tenei ra maumahara i te Ru Whenua Apiti hono tatai hono, Te hunga mate ki te hunga mate Apiti hono tatai hono, Te hunga ora ki te hunga ora Tena koutou, Tena ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government reaffirms urgent commitment to ban harmful conversion practices
    The Minister of Justice has reaffirmed the Government’s urgent commitment, as stated in its 2020 Election Manifesto, to ban conversion practices in New Zealand by this time next year. “The Government has work underway to develop policy which will bring legislation to Parliament by the middle of this year and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New creative service aims to benefit 1,000 peoples’ careers
    Minister for Arts, Culture and Heritage and Social Development Hon Carmel Sepuloni today launched a new Creative Careers Service, which is expected to support up to 1,000 creatives, across three regions over the next two years. The new service builds on the most successful aspects of the former Pathways to ...
    BeehiveBy beehive.govt.nz
    2 weeks ago