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Labour First Axis splitting already

by Whaleoil on October 20, 2008

NZ First plan to sell Kiwibank under fire – New Zealand First leader Winston Peters’ plan to sell Kiwibank is “erratic and confusing” and would risk destroying the bank, Progressives leader Jim Anderton says. Mr Peters yesterday put forward a radical proposal to float shares… [NZ Herald Politics]

The Labour First Axis has come under attack from within its own ranks today after the Greens and Jim Anderton attacked Winston’s flip flop over kiwibank.

Just a few short weeks ago Winston Raymond peters, 63, List MP of no fixed abode and proven liar was seen front and centre signing a pledge not to sell Kiwibank and today he has resiled from that by suggesting that Kiwibank be listed and shares sold to the public.

The internecine warfare of the Axis has now broken into public view and these people want us to trust them?

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  • Friend on the board

    The reason Jim does not want to sell shares in Kiwibank is everything would come under scrutiny such as outside audit.

    That would expose the postbank subsidies that help smoke and mirror the published results of Kiwibank and smoke out the thin tissue of substance below the surface.

    Many people that keep their funds in Kiwibank are what is often described as naieve first time investors. i.e looks good but have not sought advice about the substance.

    Naive first time investors will often buy leasehold property or one unit in a group of residential or commercial units. Most eventually fail.