Here’s an interesting rant. I’m not going to link to it, because I want you to spend a moment trying to work out who (which raving leftie blogger?) is the author. So read it, and make your guess, then Google for the answer:
… like so many other people, I am very angry about the expensive farce that is South Canterbury Finance. What a filthy rat we’ve all had to swallow there. And what contemptible ingratitude we’ve heard from the south. … That entire South Canterbury affair has been amazing to watch. Timaru has become a cult city, a financial Jonestown, led to its destruction not by the Reverend Jones but by the great man Allan Hubbard. That’s what it looks like from here. …
God, I detest them all, finance companies. I detest the people who start them, the suckers who invest in them and the creeps such as Hotchin and Watson and Bryers and all the other wide boys with the flash cars and the tarts and the designer watches. They all get found out in the end.
They make nothing and produce nothing. They clip the ticket and some may swallow it whole.
In the final analysis, the finance sharks start with nothing and end up with everything. The customer starts with something and ends up with nothing.
And this time, we have to pay the $1.7bn. And some prick down there wonders if we want a fight? You betcha we do. And what’s more the company took us for a ride. The moment we protected their money under the deposits guarantee scheme they got even more cavalier with it.
They didn’t have to give a damn where it got invested because they knew they’d get it back with interest. Man, that sucks. …