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.........
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