An extraordinary level of profit-taking still being extracted by the Australian Banking Gang from ordinary New Zealanders.
Farm debt in New Zealand has exploded by 270% in the last 20 years, to around $63 billion.
Across the Tasman a Royal Commission has been barking very loudly indeed about the activities of the Australian banks that own the main NZ banks.
You will land in big trouble if you try to rob a bank. (Don’t do it people.) But when banks rob us, we will worry about whether they might have an attitude problem.
An interview with Financial Times columnist John Kay