What happened to Hisco?
Stuff has published details of a sweetheart deal where David Hisco bought the ANZ owned property they were living in for a greatly reduced price. But was this good investigative work or a leak from within ANZ?
bankers
Another week another banking scandal
Another big tax evasion scandal with links to NZ. Don’t expect the government to spend any time looking in to this.
Banks sued over exceptional bank fees
New Zealand banks face a large class suit for over $1 billion in default fees over the past six years by three of NZ’s largest law firms in a case being announced today at 1pm. It is about time.
Sunday Reading
My regular Sunday piece of interesting, longer, deeper stories I found during the week. It’s also a chance for you to share what you found this week too. Those stimulating links you wanted to share, but just didn’t fit in anywhere (no linkwhoring). This week: hiding tax, growing up neo-liberal and Syria.
Sunday Reading
I’m going to try and put up a piece each Sunday of interesting, longer, deeper stories I found during the week. It’s also a chance for you to share what you found this week too. Those stimulating links you wanted to share, but just didn’t fit in anywhere (no linkwhoring). This week: the bread & butter line, bankers, racism and the corporate speak of John Key.
Heroes of capitalism
Banks engaged in market fixing. What a surprise. No doubt someone will be held to account…
Bunch of bankers
In America a federal enquiry has now confirmed what we already knew. The 2008 financial crisis was an “avoidable” disaster caused by multiple failures of regulation and good old fashioned greed. If we don’t make some fundamental changes it is all going to happen again…
Tax hikes fail to cause ‘brain’ drain in UK
George Monbiot writes: It’s a bitter blow. When the government proposed a windfall tax on bonuses and a 50p top rate of income tax, thousands of bankers and corporate executives promised to leave the country and move to Switzerland(1,2). Now we discover that the policy has failed: the number of financiers applying for a Swiss work permit fell by 7% last year.
Why no punishment for Westpac?
You would have seen that Westpac was found to have undertaken the largest theft of tax money in New Zealand history. From 1998 […]
Trying to live on 500K/yr in NYC
President Obama wants to set US$500,000 as the top pay for banking executives whose firms accept government bailout money. From Boing-Boing: The lead story in […]