Cunt Key

[325rocket]

looking at the topic, I thought you meant "credit card"

i thought he was talking about something for one of these ...

[Oakie]

What'd ya expect he was an equities trader, one of the lowest forms of business. A successful business man as one person here said profiteering of others misfortune for his own gain, a leopard never changes it's spots so once a leech always a leech.

He bought and sold shares in this case. In effect he leant money to a company to help them operate, buy assets, expand ... whatever. In return for that he made money when the value of the company went up and he sold his portion. There is also a risk that the value of the company may go down despite your investment. I believe that that was what actually happened and Mr Key finished up loosing money on part of his investment. Rather than "profiteering of (sic) others misfortune" he received a gain or loss in his investment based on the quality of the managment of the business he invested in.

[Bullitt]

Key himself was well aware of his gaffe by his embarressment on TV when questioned by the female journo. He's fucked it and knows it.

Politicans dont like soundbites showing they said something that turned out to be wrong irrespective of whether theres any intent behind it. Being embarassed by that dont prove alot.

Plus Key has a history of apoligising when he or his party havnt done anything wrong so on that score it don't surprise me either.

Better to have that much money you forget quite how much youve got than to be caught telling blatant lies then smearing reputable people to try cover it up.

[Ocean1]

New Zealand buisness was in full support of the buy back. That's the only reason Labour went for it.

Indeed? They kept that bloody quite.

Quieter even than the deal itself.

Dude, you're disturbingly strident, play the facts rather than the personalities eh? The rail asset purchase was a stunningly bad idea, the fact is those assets have an effective market value of zero. The rolling stock is all fucked and the repair bill far exceeds it's book value let alone it's market value.

Toll rail had a heads-of-agreement with Hellen to supply maintenance and upgrade services worth more than the asset value BEFORE the sale was signed off. Does that make any sort of business sense? Only if your objective was to nationalise the asset at any cost. The good ship NZR will stagger on long enough for the Aussies to drain the last of the tax funded cashflow and then whither.

Key's shares had some value while the asset was privately owned, now they don't, it's that simple. He won't be the only one regreting Helen's largess I promise.

[mv.senna]

OMG!!! a politician lied/witheld the truth!! shock, horror!!

While, fundamentally I agree with your sentiments Skyryder, unfortunately it seems that a pre-requisite of being a politician is to be able to do a "Houdini" with the truth...Winnie the pooh being case n point...n Keys is no different...

whaddaya do? they're all as bad as each other aren't they? I think if Joe Public weren't so desperate for a change of govt, Keys probably would be struggling a lot more in the polls than he is now...it seems that every time those national guys get a chance to open their mouths in a tv interview - they promptly insert both feet!!

i for one am hoping Te Radar will step up as a candidate for the coming election...he seems to be doing an ok job learning to be living self sustainably, and he certainly demonstrated how to handle a building inspector affably...I reckon he'd go well interacting with other presidents etc...at least everyone wd have a laugh...

[Skyryder]

yeah the Yanks thought that too about Clinton as well and put peanut brain in the whitehouse look where they are now and their slowly taking everyone else with them

Right on

T.W.R. American banks go bust and it costs us. A few weeks back I was at some socialy 'upbeat party' where usually the topic of conversations runs along the lines of how much is going into the new property or what the current fashion is in Morracco, Greece etc. Anyways I get chatting to this guy who's singing the praises of the free market etc and I pop this phase 'Private Profit and Public Losses' and ask him what it means. Well if looks could kill............... I never did get an answer.
Skyryder

[Manxman]

That aside, even if he robs the country blind though I'll still take him over Comrade Clarke. I'd rather live in a financially bankrupt country than a morally bankrupt one, and thats what we have now!

There's a lot of common sense in this statement.

[Timber020]

I like the interveiw with him, is funny to see an adult squirm like a 5 year old caught after eating all the chocolate biscuits. You can see it on his face, you can tell hes not someone whose in the habit of being caught out in such a way.

"Fifty thousand at the maximum point. Sometimes 25,000, sometimes 50,000," he said.


He was asked did he personally buy 50,000 shares in Tranz Rail in 2005 and sell them five weeks later.

"Oh look actually maybe 100,000 from memory, yes. Sometimes 50,000, sometimes 100,000 yep," he replied.

It was put to him that that is an issue he should be clear about.

"Well, sorry, yeah, it was 100,000 in total," he said.


Great bit of video, http://tvnz.co.nz/view/video_popup_windows_skin/2095923

[Swoop]

And not so much as a murmer regarding Clark coming out and saying Winnie stays, regardless of whether he's found guilty or not...

I believe the words Der Furhrer used were "not guilty enough"...
So now she is changing the laws of the land. Guilty or not guilty. Simple.

Do I now have the right to apply "her"(term applied loosely here) standards when I'm on the jury again?
"Sorry Mr Judge, the accused might have been found speeding, red handed by Mr Plod, but this is not enough guilt I'm afraid. Set him free!"

[pete376403]

Right on

T.W.R. American banks go bust and it costs us. A few weeks back I was at some socialy 'upbeat party' where usually the topic of conversations runs along the lines of how much is going into the new property or what the current fashion is in Morracco, Greece etc. Anyways I get chatting to this guy who's singing the praises of the free market etc and I pop this phase 'Private Profit and Public Losses' and ask him what it means. Well if looks could kill............... I never did get an answer.
Skyryder

Is it not ironic? In the worlds largest communist state, pure capitalism is displayed by the milk traders - profit without any regard for consequences, bulk up the watered down milk with melamine (too bad that it's poison, but) meanwhile the administration of the home of free market capitalism takes a decidedly socialist approach to rescuing the banks and money traders.

Incidentally the company that John Key practised his money market skills has come very close to going down the tubes and was snapped up in a fire sale by Bank of America. Maybe going for the short term gain without regard for the long term wouldn't work for New Zealand any more than it worked for Merrill Lynch.

[Skyryder]

Indeed? They kept that bloody quite.

Quieter even than the deal itself.

Dude, you're disturbingly strident, play the facts rather than the personalities eh? The rail asset purchase was a stunningly bad idea, the fact is those assets have an effective market value of zero. The rolling stock is all fucked and the repair bill far exceeds it's book value let alone it's market value.

Toll rail had a heads-of-agreement with Hellen to supply maintenance and upgrade services worth more than the asset value BEFORE the sale was signed off. Does that make any sort of business sense? Only if your objective was to nationalise the asset at any cost. The good ship NZR will stagger on long enough for the Aussies to drain the last of the tax funded cashflow and then whither.


Key's shares had some value while the asset was privately owned, now they don't, it's that simple. He won't be the only one regreting Helen's largess I promise.

This was on TV One News tonight. and is from

http://www.stuff.co.nz/4701760a6160.html

The information showed Mr Key, through his trust and under his own name, had owned 100,000 rather than 30,000 Tranz Rail shares.

Questioned on the issue before he was aware the information had been released, Mr Key told One News his shareholding ranged between 25,000 and 50,000 shares up until June 2003. (This is a deliberate lie)

But when pressed on the issue he admitted there were more shares.

"Actually maybe 100,000 from memory, sometimes 50,000, sometimes 100,000, yep," he said.

"Yeah, sorry, there was 100,000 in total." Well at least he apologised for what lying or getting caught for lying.

Mr Key said no one had questioned him previously on exactly how many shares he had owned. (end quote)

Maybe the reason he was not questioned is that he said that he had no more that 30,000 shares. His word was taken as the truth as no one had any reason to doubt him. So in effect he is blaming others for believing that he was telling the truth. The man's a cunt. No other word for him.

Skyryder

[Hitcher]

Sorry about the thread name but I can think of no other word that 'so' describes this man.

Is this thread a Labour Party troll?

[Manxman]

Keys actions give Labour an ‘out.’ I’m not going to make any predictions on this other than to say there may be some new faces going after him. John Key has made an enormous blunder and Labour will milk it for all it's worth.Skyryder

Ya think it's going to stick??? If this thread is anything to go by, even if John Key clubs seals for fun at the weekends, he's still gonna cruise in.

Don'tchya geddit Sky? People are sick & tired of a semi-commie/socialist/liberal government who, instead of creating frameworks that encourage people to get on, try to pull achievers down to the lowest common denominator. I got news for ya Helen, not everyone is equal...

Michael Cullen now displays breathtaking arrogance of a three term minister who can't see the wood for the trees. Shame really, I quite liked him to start with.

Helen ain't no ethical saint either (signing paintings that weren't hers; not noticing that the car she was travelling in was clocking 180kph...you're sh*tting me, right Helen?; placing herself one-step-removed from any degree of real accountability for pretty much anything, giving herself the ability to pontificate if someone screws up, but take all the glory when it goes good).

That's the world we live in now - and it ain't that good. Time for the pendulum to start swinging back t'other way. Bring back morals, values, responsibility, common sense and the incentive (not handout) for me to achieve - you win my vote.

[Manxman]

Let's put this thread title in a relative context:
John Key = Cnut
Helen Clark = Cnuter

[rainman]

Is it not ironic? In the worlds largest communist state, pure capitalism is displayed by the milk traders - profit without any regard for consequences, bulk up the watered down milk with melamine (too bad that it's poison, but) meanwhile the administration of the home of free market capitalism takes a decidedly socialist approach to rescuing the banks and money traders.

I think it would be bloody hilarious if it wasn't so serious. The bit I particularly love is that those that defend the free market to their final breath, and decry the evil socialist, nay kommunist regime that we apparently suffer under, are strangely silent about the recent efforts of Messrs Paulson and Bernanke.

As has been observed about the interwebs, Karl Marx must be chortling in his grave.