National’s Bank

Written By: - Date published: 4:54 pm, July 10th, 2008 - 21 comments
Categories: business, national, spin - Tags:

After reading Steve’s post this morning mocking ANZ National for putting out confused National Party talking points dressed up as research, a reader was inspired to send us this:

21 comments on “National’s Bank ”

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  1. lprent 1
    10 July 2008 at 5:05 pm

    Hey – they’re MY bank! Oh well, wonder what the service is going to be like now?

    Remember that their credit card is paying for this site! Hopefully they won’t get too pissed off with this bit of satire

  2. Tane 2
    10 July 2008 at 5:10 pm

    Lynn, what are you doing? Close your accounts now and go sign up with the People’s Bank!

  3. Felix 3
    10 July 2008 at 5:16 pm

    Tane, ditto. Judging from the last batch of junk mail helpful consumer info, Kiwibank has some pretty sweet credit card deals at the moment, Lynn.

    edi: I bet if everyone ignores that whale it’ll go away.

    [Tane: Felix, I put him in moderation. He’s wrong about the creator of the file, and his obsessive stalking is the reason why the person who created the file chose not to be named or in any way identified. We don’t need that kind of thing here.]

  4. lprent 4
    10 July 2008 at 5:18 pm

    Changing banks is a pain. I went to the National bank to get away from the ANZ. Then many years later Lloyds sold it to (gasp) the ANZ.

    Basically I’m

    a) too lazy to change banks. It was a major pain last time.

    b) no-one else would want my mortgage until we’ve finished the building repairs from this leaky building that the National party left me with.

    c) The bank hasn’t picked up the ANZ’s little quirks that drove me away anyway

    Only 9 more months until we get into court…

  5. Robinsod 5
    10 July 2008 at 5:18 pm

    Hey Cameron – is it true Davey does his phone-out polling from National Party HQ? And what ever happened to Iron Bark? Seeing as you’re so big on transparency and all…

  6. simon 6
    10 July 2008 at 5:19 pm

    I think this is his email/contact details if you want to send him a comment on his employers entry into new zealand politics

    Cameron Bagrie
    Chief Economist
    Telephone: +64 4 802 2212
    E-mail: cameron.bagrie.nbnz.co.nz

  7. Tane 7
    10 July 2008 at 5:21 pm

    I wouldn’t recommend hassling Bagrie personally, but certainly an email to ANZ National from any concerned customers wouldn’t go amiss.

  8. Idiot/Savant 8
    10 July 2008 at 5:51 pm

    I’m surprised no-one’s mentioned the obvious reason for ANZ’s recent break with other banks and intervention in politics: they hired Don Brash.

    I wonder how their shareholders feel about directors using a company to advance their personal ideological agenda?

  9. Robinsod 9
    10 July 2008 at 6:20 pm

    Ha! I didn’t know that. Didn’t they also get busted rorting the tax system?

  10. RedLogix 10
    10 July 2008 at 6:55 pm

    And which Aussie bank would like to pick up a pesky little public sector competitor cheap do you think?

    Like last time the Nats where in power?

  11. higherstandard 11
    10 July 2008 at 7:11 pm

    RedLogix

    I assume you’re referring to the BNZ.

    From Reuters 1990

    ‘The new National Party Government announced today that it would bail out New Zealand’s biggest bank.

    Just three days after taking office, Prime Minister Jim Bolger announced plans for a $380 million rescue of the Bank of New Zealand. He also said the budget would have to be rewritten and the Government would have to borrow an extra $740 million.

    Mr. Bolger has accused the Labor Government, swept from power in the general election on Oct. 27, of hiding the depth of New Zealand’s economic problems.

    The cash injection for the state-controlled bank was the second in little more than a year. The bank has been in trouble since a drive to become a global bank failed after the worldwide stock market crash of 1987.’

  12. RedLogix 12
    10 July 2008 at 7:32 pm

    Ah yes, when Labour/ “ACT Party in drag” sold the BNZ. Another high water mark in NZ history…not.

    But who bought the old Postbank then?

  13. Bryan Spondre 13
    10 July 2008 at 7:34 pm

    Clearly the ANZ report has got you chaps a little worried about job security.

  14. higherstandard 14
    10 July 2008 at 7:38 pm

    RL

    Postbank was bought in 89 by ANZ after it was split in 87 from the original NZ Post Office into Postbank and Telecom NZ.

  15. RedLogix 15
    10 July 2008 at 7:39 pm

    Ah yes, when Labour/ “ACT Party in drag’ screwed the BNZ…

    Been a long day…sighs

  16. Ari 16
    10 July 2008 at 8:25 pm

    Bryan- or that our savings might be funding ridiculous 101 level economic spin. Banks should stay out of advising the government on economics- that is what Treasury is for. I’m sure you would be saying the same thing if a bank was advocating social-democratic policies with induction so poor it hardly deserves to be called “analysis”.

  17. tarqin 17
    11 July 2008 at 7:12 am

    And the ANZ rued the day they bought market share in NZ retail banking by taking on a bunch of dole customers for many many many years.

    Why do you think the government couldnt wait to get rid of postbank? It was basically a dole payment branch.

    The ANZ has only just started getting smart with retail customers.

    Big ups to Anderton, Kiwibank is great but only because it is run in competition to the private sector, not as a socialist statement.

  18. Clint Heine 18
    11 July 2008 at 8:22 am

    Nonsense. You’d be all crowing from the rooftops if a bank came out to say the current Government was doing a swell job. This is yet another one of those attacks an anybody who disagrees with your warped world view.

    November 8th is looking good for a bloody good thrashing.

  19. Ari 19
    11 July 2008 at 10:37 am

    Clint- not really. Unless ANZ/National wants to register as a third party, it should shut up regardless of who it’s supporting. I don’t really want ANY businesses making political statements- that’s what lobby groups (eww) and activism is for.

    Anyone had luck in finding an email for ANZ/National? I’d been thinking of moving to kiwibank anyway, I just want to give them a piece of my mind first 😛

  20. Phil (Pacific Empire) 20
    14 July 2008 at 2:31 pm

    Kiwibank have some great deals (I’m currently working there actually). Agree with Tarqin about both ANZ and Kiwibank.

    But I find Ari’s statement chilling. “…should shut up regardless of who it’s supporting. I don’t really want ANY businesses making political statements…” So should free speech and freedom of expression apply only to individuals? Are only businesses and their spokesmen considered unworthy of basic human rights, or would non-commercial NGOs be excluded as well under Ari’s benevolent dictatorship?

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