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Thursday, May 27, 2010

John Key's Trusts are as blind as an eagle with night vision goggles


Labour says Key broke asset rules
Labour MP Pete Hodgson will lodge a breach of privilege complaint against Prime Minister John Key today, alleging he misled the House over claims that he could not know what assets his "blind trust" held. In Parliament yesterday, Mr Key agreed he did not know, and could not know, what was in his Aldgate Trust, listed in the MPs' register of pecuniary interests. The Cabinet Manual recommends the use of blind trusts to ensure a minister can never be sure what his holdings are at any given time so there can be no conflict of interest. But Mr Hodgson said investigations by Labour showed Mr Key's assets began to be transferred to a company called Whitechapel Ltd shortly after the 2008 election. That included his shares in Dairy Investment Fund Ltd, an interest in Highwater Vineyard in Central Otago and – later – a property company Earl of Auckland. Mr Key gave away signed bottles of "J K" wine last Christmas with Highwater on the label. Mr Hodgson said it was easy for Mr Key to know he still owned those assets because they would show up in a search of Whitechapel at the Companies' Office register. It was clearly a vehicle used by the trust managers to manage Mr Key's assets. "Whitechapel happens to be one London subway station away from his blind trust, Aldgate."

John Key's Trusts are as blind as an eagle with night vision goggles - come on - this company he's set up knows everything and it's not really clear he doesn't know what they know. The PM not knowing how his assets will be impacted by the policy he is passing isn't just an old fashioned pretense between gentlemen - it's a crucial part of our democratic political protections!

But Mr Hodgson said he would complain to Speaker Lockwood Smith. "It is almost certain Mr Key has misled Parliament by claiming his blind trust is indeed blind. While it is blind to the public, it is not at all blind to Mr Key himself."

Every politician knew what they put into their blind trust, but then lost information about what was in it. "Except Mr Key ... can find out any day of the week if he owns shares in this or that company."


Yes and Mr Key would never benefit from insider trading the way he did when he made a killing against our currency from insider trading.

Merchant Bankers don't change their spots.

13 Comments:

At 27/5/10 9:29 am, Anonymous Anonymous said...

Key has acted with honor here. Its very important Bomber that if you want to be taken seriously as a commentator, you try and be objective. Look we all know you are a socialist, you want to control our lives and derive an income off the taxpayer whilst telling us what to do. Here we have a popular PM who is the antithesis of what you believe in, so you seek to destroy him. He knew what his assets were before they went into the blind trust, but then he surrendered control. Why is this so hard to understand? As New Zealand quite correctly moves to the right, you and your leech mates will be denied. We are a centreright country. You are hard left. As the myth of global warming is exposed and the left wings role in the global meltdown, giving loans to people who couldnt afford it, you will find rejection from the masses. With Radio NZ about to be sold, you will lose your voice then.

 
At 27/5/10 11:23 am, Anonymous Anonymous said...

Yes Bomber...John Key is going to risk his reign over NZ for a few extra dollars when he already has 50,000,000.

Plausible.

 
At 27/5/10 12:07 pm, Anonymous AAMC said...

'the left wings role in the global meltdown, giving loans to people who couldnt afford it'
So the Left have influence over the lending practices on Wall St? Interesting argument Anon, perhaps formed whilst on acid?

 
At 27/5/10 12:26 pm, Blogger Bomber said...

'the left wings role in the global meltdown, giving loans to people who couldnt afford it'
So the Left have influence over the lending practices on Wall St? Interesting argument Anon, perhaps formed whilst on acid?

GRIN - Honestly AAMC, that was the bit during anons highly entertaining rant that I burst out in laughter.

Yes, the Credit Default Swaps created by greedy corporates created by unregulated neoliberal free market dogma HAS NOTHING to do with the crash of the global economy, and its all those evil leftys handing over houses to poor people - GRIN - You watch way too much Fox news anon.

 
At 27/5/10 12:28 pm, Blogger Bomber said...

BTW - I was going for post anarchist with socialist tendencies over straight out socialism.

 
At 27/5/10 1:24 pm, Anonymous Anonymous said...

Bomber you are again totally wrong in your analysis. Clinton forced lenders to give money to poor people who couldnt afford to repay it. Standard lending criteria went out the window. They defaulted. Housing crisis. Meltdown. If Clinton had of allowed the market to lend to whoever met the criteria, rather than interfearing, no problem.

There is no global warming. Look at Lord Monckton's videos, and the great global warming swindle. Its a con. You have been had. You are like a sheep - so easily led.

Key has a blind trust so he cant have a conflict of interest. Its good to have a leader with integrity.

 
At 27/5/10 2:10 pm, Blogger Bomber said...

Anon your ignorance on these issues is staggering and I suspect honestly you have watched little other than Fox News.

You are looking at the symptoms and not the massive neo liberal deregulation of finance that was the disease, your inability to see why Clinton was allowed to do what he did speaks volumes of your limited knowledge.

Lord Monckton is the most debunked climate denier on the face of the planet,. I love how you drag up Maggie Thatchers hit man as 'evidence' man made global warming isn't happening.

Key's trust isn't blind, that's why he is being criticized.

 
At 27/5/10 2:18 pm, Anonymous colonel rabuka said...

of course john key can't be trusted.

he has form, when it comes to being fork tongued over conflicts of interests. he's a fucking liar.

remember this?

http://www.youtube.com/watch?v=rrPgK3bf9_4

 
At 27/5/10 3:29 pm, Anonymous fatty said...

Clinton is a neo-liberalist, always was. Its just he hid behind the third-way mask.
There has not been a "left wing" influence in the US economy for decades, the Democrats are not left wing, they just sit to the left of the Republicans.
If the Democrats were in NZ with their policies, they would sit in between National and ACT....how could you possibly consider Clinton to have left wing economic policies?
When you choose to blame Clinton (you are correct, he's a fuck up) you are also blaming the policies that National and ACT promote.
Clinton and Key are one in the same, you blame Clinton for the economic collapse but then you say - "Key has acted with honor here"

 
At 27/5/10 11:03 pm, Anonymous Anonymous said...

Alcohol is a drug.
Fact

John Key has investment in the alcohol industry.
Fact.

John key makes money off drugs.
Fact.

We've got a drug dealer running the country.
Factity fact fact fact.

Fantastic.

 
At 28/5/10 8:37 am, Anonymous Anonymous said...

We've got a drug dealer running the country.
Factity fact fact fact.


Ah well, 90% of NZ adult population are therefore drug addicts, so it make sense for their leader to be a supplier.

 
At 28/5/10 2:09 pm, Anonymous Anonymous said...

Which makes me lol at the mindless anti drug beliefs spouted by so many members of the population.

 
At 28/5/10 8:07 pm, Blogger peterquixote said...

Bomber has his goggles adjusted here and is at his best, blind Trust are blind to nobody, we can see,
there are some Family Trusts which are called double blind Trusts which lead nowhere, or to meaningless Companies.

To his credit Michael Cullen tried his best with this problewm, but he had the Maori trusts in his way.
Tribal trusts.

 

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