retail deposit guarantee scheme

Retail Deposit Guarantee: When’s the enquiry?

Written By: Bunji
Date published: - 14 comments

Labour are pushing for an enquiry into how Treasury oversight of the Retail Deposit Guarantee Scheme was so poor that it has cost us hundreds of millions of dollars. Bill English can’t be allowed to hide this under the plus Treasury carpet, so his lack of oversight of Treasury isn’t shown up.

Blinglish’s Treasury not so hot

Written By: Bunji
Date published: - 12 comments

Bill English and Treasury adopted a “see no evil, hear no evil” approach to the Retail Deposit Guarantee Scheme. And it’s cost us $2 billion. The Deputy Auditor General has delivered a damning report on a ministry used to judging others, not suffering any oversight itself…