Page 1 of 7 123 ... LastLast
Results 1 to 15 of 105

Thread: Depositors to bail out NZ banks?

  1. #1
    Join Date
    25th October 2002 - 12:00
    Bike
    Old Blue, Little blue
    Location
    31.29.57.11, 116.22.22.22
    Posts
    4,864

    Depositors to bail out NZ banks?

    So, in the wake of the Cyprus debacle, our esteemed leader reckons that it's a good idea to take depositor's money if the banks stuff up?

    Shouldn’t the banks be looking at a deposit insurance scheme of some sort? You’d think so, wouldn’t you?

    Remember the so-called “Light Bulb” and “Shower Heads” affairs, in 2008, where National slammed the then-Labour Government as engaging in “Nanny State” politics? National’s Nick Smith said,

    People should be free to use as much water as they like when showering, provided they don’t expect others to pay for their profligacy. User-pays is a far better approach than nanny state.”
    So using eco lightbulbs and smaller shower flows, to conserve electricity and water is nasty “Nanny Statism”.


    But going into people’s savings accounts; stealing their money; and handing it over to banks – is all hunky dory?

    Well, I’m glad that’s settled.


    Such a nice man.........
    “- He felt that his whole life was some kind of dream and he sometimes wondered whose it was and whether they were enjoying it.”

  2. #2
    Join Date
    13th December 2008 - 18:22
    Bike
    Your mom
    Location
    Christchurch
    Posts
    3,901
    Quote Originally Posted by SPman View Post


    But going into people’s savings accounts; stealing their money; and handing it over to banks – is all hunky dory?
    It's the Jewish way of going about things.

  3. #3
    Join Date
    3rd March 2008 - 11:55
    Bike
    ST2 NZ250
    Location
    The evil flatlands
    Posts
    2,325
    Fortunately I have considerably more of the bank's money than they have of mine.

    So if they were hoping they could to come to me to bail them out then they're fucked.
    Riding cheap crappy old bikes badly since 1987

    Tagorama maps: Transalpers map first 100 tags..................Map of tags 101-200......................Latest map, tag # 201-->

  4. #4
    Join Date
    19th October 2007 - 19:03
    Bike
    BMWR1100RS,
    Location
    Taranaki
    Posts
    1,584
    Savings are what I have left after everyone else in the world has taken their part of the pie. My savings are mine, I have a bit of an issue with being taxed on the interest on what I've managed to scrape together over the years never mind making it available for thieving, robbing, scumbuckets that think they have a better use for it.

    In short, my savings and my old body are all I have that I can call my own, so, John Key, the cypriot government, the Nazi party and anyother mofo that wants it can Feck off . Bail out the banks? bollocks!


    Other than that I don't have any feelings on the subject.
    Oh bugger

  5. #5
    Join Date
    2nd December 2009 - 13:51
    Bike
    A brmm, brmm one
    Location
    Upper-Upper Hutt
    Posts
    2,153
    Quote Originally Posted by neels View Post
    Fortunately I have considerably more of the bank's money than they have of mine.

    So if they were hoping they could to come to me to bail them out then they're fucked.
    Well that being the case surely the proposed deal would work both ways should you come into trouble
    Science Is But An Organized System Of Ignorance
    "Pornography: The thing with billions of views that nobody watches" - WhiteManBehindADesk

  6. #6
    Join Date
    3rd March 2008 - 11:55
    Bike
    ST2 NZ250
    Location
    The evil flatlands
    Posts
    2,325
    Quote Originally Posted by Scuba_Steve View Post
    Well that being the case surely the proposed deal would work both ways should you come into trouble
    Riding cheap crappy old bikes badly since 1987

    Tagorama maps: Transalpers map first 100 tags..................Map of tags 101-200......................Latest map, tag # 201-->

  7. #7
    Join Date
    13th July 2011 - 14:47
    Bike
    A Japper
    Location
    In the moment
    Posts
    1,259
    Quote Originally Posted by SPman View Post
    So, in the wake of the Cyprus debacle, our esteemed leader reckons that it's a good idea to take depositor's money if the banks stuff up?

    Shouldn’t the banks be looking at a deposit insurance scheme of some sort? You’d think so, wouldn’t you?

    Remember the so-called “Light Bulb” and “Shower Heads” affairs, in 2008, where National slammed the then-Labour Government as engaging in “Nanny State” politics? National’s Nick Smith said,

    People should be free to use as much water as they like when showering, provided they don’t expect others to pay for their profligacy. User-pays is a far better approach than nanny state.”
    So using eco lightbulbs and smaller shower flows, to conserve electricity and water is nasty “Nanny Statism”.


    But going into people’s savings accounts; stealing their money; and handing it over to banks – is all hunky dory?

    Well, I’m glad that’s settled.


    Such a nice man.........
    A deposit insurance scheme didn't help Cyprus, or stop them trying to "haircut" depositors, nor any other European country and it certainly didn't stop the global finacial crisis.

    Incidently, the Labour party went on record as favouring an Open Bank Resolution as well, it's not just a National thing. They're all ratbags.

  8. #8
    Join Date
    19th July 2007 - 20:05
    Bike
    750 auw
    Location
    Mianus
    Posts
    2,247
    Message from John Key: If you have savings you should buy property quick.

    Dick.

  9. #9
    Join Date
    17th June 2010 - 16:44
    Bike
    bandit
    Location
    Bay of Plenty
    Posts
    2,885
    Quote Originally Posted by SMOKEU View Post
    It's the Jewish way of going about things.
    Yeah .. just like the Nazis raided the Jewish Banks ... and bank accounts
    "So if you meet me, have some sympathy, have some courtesy, have some taste ..."

  10. #10
    Join Date
    17th June 2010 - 16:44
    Bike
    bandit
    Location
    Bay of Plenty
    Posts
    2,885
    Quote Originally Posted by neels View Post
    Fortunately I have considerably more of the bank's money than they have of mine.

    So if they were hoping they could to come to me to bail them out then they're fucked.
    Naa .. they just ask for their money, foreclose the mortgage, sell off the property and give you what's left over - if anything ... check your mortgage documents ... all hundred and something pages ...

    Even if it's not mortgage, you've borrow against security and they can call it in whenever they like ... and take your security if you can't front with the cash.

    Fucking BNZ did it to me when they were in the shit in the late 1980s ... fortunately I could front with the cash and pay them back .. and I've never dealt with them again ...
    "So if you meet me, have some sympathy, have some courtesy, have some taste ..."

  11. #11
    Join Date
    3rd March 2008 - 11:55
    Bike
    ST2 NZ250
    Location
    The evil flatlands
    Posts
    2,325
    Quote Originally Posted by Banditbandit View Post
    Naa .. they just ask for their money, foreclose the mortgage, sell off the property and give you what's left over - if anything ... check your mortgage documents ... all hundred and something pages ...

    Even if it's not mortgage, you've borrow against security and they can call it in whenever they like ... and take your security if you can't front with the cash.

    Fucking BNZ did it to me when they were in the shit in the late 1980s ... fortunately I could front with the cash and pay them back .. and I've never dealt with them again ...
    You're exactly right, I wonder how many people don't realise that they have the right to call in the debt tomorrow if they see fit.
    Riding cheap crappy old bikes badly since 1987

    Tagorama maps: Transalpers map first 100 tags..................Map of tags 101-200......................Latest map, tag # 201-->

  12. #12
    Join Date
    6th May 2008 - 14:15
    Bike
    She resents being called a bike
    Location
    Wellllie
    Posts
    1,494
    Blog Entries
    3
    I didn't think!!! I experimented!!!

  13. #13
    Join Date
    13th July 2011 - 14:47
    Bike
    A Japper
    Location
    In the moment
    Posts
    1,259
    Quote Originally Posted by mashman View Post
    More than that, the last Labour Government supported it, so prior to their losing to National in 2008.

  14. #14
    Join Date
    3rd November 2005 - 15:20
    Bike
    Cagiva Navigator 1000
    Location
    1A
    Posts
    1,603
    Switzerland...
    If you love it, let it go. If it comes back to you, you've just high-sided!
    مافي مشكلة

  15. #15
    Join Date
    16th December 2006 - 01:50
    Bike
    Trans NZ Broliner
    Location
    Stuck on a roundabout
    Posts
    190
    If the bank has no depositors because of risk of loss, wont said banks collapse from no collateral?
    I confused. Savings will become extinct due to risk? Peps will live in fear of losing savings from a traditionally safe place.
    Gold will go up, art, collectables, share market will come alive, nightly digs in the garden....

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •