The Press on Anderton

September 13th, 2010 at 12:40 pm by David Farrar

The Press editorial:

Anderton has been weakened, though, by his insistence until now that he would not quit Parliament if he won the mayoralty. He asserted that he could handle both jobs “standing on his head”. It was an assertion that did not go down well before the earthquake and has now been shown to be horribly overweening. Anderton belatedly recognised this with his announcement yesterday that he would in fact relinquish his parliamentary seat if he became mayor. But the concession was made slowly and reluctantly. He had dithered over it long enough for some voters at least to call into question his judgment and temperament for the job.

I’d forgotten that quote that he could do both jobs standing on his head. Anderton has never suffered from a lack of confidence.

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48 Responses to “The Press on Anderton”

  1. burt (8,269 comments) says:

    Of course he’s full of confidence – he has never been held accountable for anything. It’s OK Jim, we all know you long for the good old days of just say sorry and pay it back – sorry old man the world has changed; we are watching you over bloated sense of entitlement and we don’t like what we see.

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  2. Swiftman the infidel (329 comments) says:

    ‘Anderton has never suffered from a lack of confidence.’

    And his supporters have never suffered from a lack of stupidity and greed.

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  3. Guy Fawkes (702 comments) says:

    Early onset dementia?

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  4. wreck1080 (3,905 comments) says:

    Why is he trying to do both? Does he want both pay packets?

    Is greed his motivation?

    Surely noone wants a greedy leading them, neither as an mp or a mayor.

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  5. RRM (9,916 comments) says:

    Swiftman the infidel: his supporters have never suffered from a lack of stupidity and greed.

    Lol, Greed? Doesn’t sound like the Sydenham I saw.

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  6. Swiftman the infidel (329 comments) says:

    greed = wanting other peoples money taken by the thugs called the IRD.

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  7. YesWeDid (1,048 comments) says:

    The Press have certainly not been supporting Anderton’s campaign so no surprise they are not cheering him on.

    For those who say ‘what has he ever done’ what about Kiwi Bank?

    (And just so it is clear that I am not some sycophantic Jim supporter I will probably be voting for Bob)

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  8. tvb (4,416 comments) says:

    And Anderton stupidly said it would take an earthquake for him to lose to Bob Parker. Anderton should have realised that he does have a direct line to God and God does not like him. Hence the earthquake. It was all Anderton’s fault.

    [DPF: He didn't actually say that - see later correction. He said it took a seismic shift for him to leave Labour]

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  9. Fot (252 comments) says:

    You see Kiwibank as an achievement YesWeDid?

    Every time I see a kiwibank chequebook or eftpos card I think “loser” or “beneficiary”

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  10. James (1,338 comments) says:

    For those who say ‘what has he ever done’ what about Kiwi Bank?

    Yes…thats another stupid,money wasting thing that bastard needs hanging for…..

    Every time I see a kiwibank chequebook or eftpos card I think “loser” or “beneficiary”

    Damm right.

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  11. david (2,557 comments) says:

    Bzzt wrong tvb, everyone know by now that earthquakes are caused by bare breasted women. It is as good a reason as any for Trev Mallard to be camping out in Christchurch over the weekend.

    Do try to keep up there’s a good chap.

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  12. burt (8,269 comments) says:

    YesWeDid

    Hey if you give me a few hundred million of tax payers money to set up a bank I too could be a success in your eyes. Get a grip, if the power of the state with massive capital from the back pockets of the tax payers can’t run a successful bank then there is somethign wrong….. Anderton was just the poster boy for his popularity device… a peoples bank… He’s a useless wanker and should resign.

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  13. RRM (9,916 comments) says:

    Every time I see a kiwibank chequebook or eftpos card I think “loser” or “beneficiary”

    You’d walk past a better interest rate or fees package on some sort of ideological principle? Interesting…

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  14. Pete George (23,559 comments) says:

    Every time I see a kiwibank chequebook or eftpos card I think “loser” or “beneficiary”

    That’s strange. Every time I see a Kiwibank statement I think “lower” fees or “beneficiary” of lower interest rate.

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  15. burt (8,269 comments) says:

    Yes it’s fabulous, your own tax money being used to reduce your bank fees…. How brilliant, what a great way to socialise hide the cost of running a bank.

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  16. James (1,338 comments) says:

    You’d walk past a better interest rate or fees package on some sort of ideological principle? Interesting…,

    Yes I would…and I do.And as those interest rates and lower fees are only possible thanks to stolen taxpayer money thats the shit icing on the crap cake.

    Kiwibank is just another example of the broken windows fallacy in action….no one thinks about what could have been done with those millions that were taken to set up whats basically a comfort blanket for xenaphobic,socialist bludging dipsticks…

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  17. JiveKitty (778 comments) says:

    Guy Fawkes: “Early onset dementia?”

    Early?

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  18. YesWeDid (1,048 comments) says:

    It seems Kiwibank and the Post Office both return a profit to the government. So there is the ‘subsidy’ argument shot.

    Kiwibank has won a number of awards including ‘best bank’, ‘most trusted’ etc and they have been growing their market share (adding >2000 extra customers a week) so they must be doing something right.

    (Sorry to let the facts get in the way of the usual right wing dogma)

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  19. burt (8,269 comments) says:

    YesWeDid

    OK, bring on the facts, how much tax payers money has gone in and how much profit has been returned?

    And like I said, give me a few hundred million of tax payers money and I too could establish a successful bank…

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  20. YesWeDid (1,048 comments) says:

    Burt – OK, bring on the facts, how much tax payers money has gone in and how much profit has been returned?

    Burt don’t be so lazy, you back your own arguments don’t expect me to do the work for you.

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  21. James (1,338 comments) says:

    Deosn’t matter how well it appears to be doing…its only in existence thanks to the state stealing taxpayer money and using it to create a vote winner for Anderton amongst the bludger mentalities that abound in this country.What business has the state in banking anyway…? What has that to do with protecting peoples rights from force and fraud? Were there not enough private sector banks already in existence to cater to peoples needs…?

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  22. James (1,338 comments) says:

    Burt – OK, bring on the facts, how much tax payers money has gone in and how much profit has been returned?

    But the returns aren’t going directly back to those who were robbed to set it up …its spread out across all of the nation.So in effect some are getting a freebe of off someone else’s loss….typical socialism.

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  23. YesWeDid (1,048 comments) says:

    James – it is all about choice, some people want their money to be in a New Zealand owned bank, not an Australian owned bank. They want the profits to stay in this country not go to some foreign shareholder.

    Surely you want people to have more choice?

    The Post Office were able to offer this option for a modest investment and it has been very successful. It is not unusual for a government to own a bank, just look at the situation in the UK.

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  24. James (1,338 comments) says:

    James – it is all about choice, some people want their money to be in a New Zealand owned bank, not an Australian owned bank. They want the profits to stay in this country not go to some foreign shareholder.

    Surely you want people to have more choice?

    Irony must go right over your head….what happened to the “choice”of those forced to fund this abortion…why is their choice about what happens to THEIR money not important?

    Too fucking bad if some saddos want their money in a New Zealand owned bank…that does not give them the right to have other people robbed,via the state,to make it happen.Anyway…what was wrong with TSB bank…..not Kiwi enough for them?

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  25. pq (728 comments) says:

    Beware of I-predict site
    Someone in the often quoted i-predict site is making money here.
    Go in there buy at the quoted rate and see what happens to you
    I bought Bob Parker at 55 cents after they dropped rating today from his prvious 75 cents plus.
    I bought at 60 cents but was charged 88 cents.
    I bought 1000 shares but they consfiscate the matter by delivering 1125 shares.
    i- predict is fraudulent.
    repeat i-predict is frauduent

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  26. Viking2 (11,467 comments) says:

    HMM, given Bollards comments of the last week re Australian Banks and Tresurer its just as well we had Kiwi Bank. If you are notso surebuy his book and read it.
    Not that that is a reason to support Anderton.

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  27. Viking2 (11,467 comments) says:

    DPF. Anderton did say that and I posted the video of it yesterday.

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  28. Viking2 (11,467 comments) says:

    http://www.youtube.com/watch?v=pK_s5y4OnWo&feature=player_embedded

    You decide!! Seeing is beleiving.

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  29. J Mex (190 comments) says:

    Viking.

    Ever heard of video editing?

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  30. J Mex (190 comments) says:

    HMM, given Bollards comments of the last week re Australian Banks and Tresurer its just as well we had Kiwi Bank. If you are notso surebuy his book and read it.
    Not that that is a reason to support Anderton

    Snip, snip, snip

    HMM,… Bollard… Banks… and… I…. support Anderton

    Always knew you were a secret Anderton supporter, Viking2

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  31. Bevan (3,924 comments) says:

    YesWeDid: (And just so it is clear that I am not some sycophantic Jim supporter I will probably be voting for Bob)

    And I’ve got a bridge in Brooklyn for any interested investor.

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  32. J Mex (190 comments) says:

    Beware of I-predict site
    Someone in the often quoted i-predict site is making money here.
    Go in there buy at the quoted rate and see what happens to you
    I bought Bob Parker at 55 cents after they dropped rating today from his prvious 75 cents plus.
    I bought at 60 cents but was charged 88 cents.
    I bought 1000 shares but they consfiscate the matter by delivering 1125 shares.
    i- predict is fraudulent.
    repeat i-predict is frauduent

    PQ, you need to learn a bit about the concept of liquidity of markets.

    Putting large (or not so large) amounts of money into market that is thinly traded will move the market against you. If I try and buy $5000 worth of ‘Parker to win’ I will move the price from the current price (say 60c) to $1.00. If I buy $1 worth, it won’t move from 60c.

    I suspect that this is all covered in their tutorial videos.

    iPredict is not fraudulent. It just probably doesn’t work exactly like you think it should.

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  33. GJ (329 comments) says:

    Personally I think Kiwi Bank is a great bank and have found their service and ease of use just fantastic. I beleive we should also support other great local banks such as TSB etc. Why send profits overseas all the time?

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  34. RRM (9,916 comments) says:

    Google is your friend:

    19/02/2010

    Kiwibank has declared a profit of $23.5 million after tax for the six months ended December 31, 2009. This compares with a profit after tax of $25.8 million for the same period in 2008, a reduction of 9%.

    Guess it’s a kind of “reverse theft” where each year the taxpayer receives millions against their will from Kiwibank, that people are so upset about…?

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  35. Rex Widerstrom (5,354 comments) says:

    burt says:

    Yes it’s fabulous, your own tax money being used to reduce your bank fees…. How brilliant, what a great way to socialise hide the cost of running a bank.

    Yeah… those unavoidable costs which anyone would be more than happy to pay, like say:
    – ANZ CEO Mike Smith’s salary: $10.9 million.
    – CBA chief executive Ralph Norris’s total package of $9.2 million.
    – Westpac chief executive,Gail Kelly, who’s making do on $7.8 million.
    – Cameron Clyne at NAB, who took charge only last year, was paid a total of $5.2 million.

    And don’t start telling me it’s all about the value these geniuses – whose jobs no one else could do at a more reasonable salary – bring to shareholders.

    Because the total paid to the five top NAB executives, including Clyne meant that bank had more high-wage earners than any other bank.

    But when it comes to total shareholder returns, NAB fell to the bottom of the list, with returns plunging 19.3 percent over the three years to 2009. ANZ’s returns fell 5.6 percent over the same period while Westpac has raised total shareholder returns by 20.4 percent. Yet the top executives in all other banks earned less than those at NAB.

    Yeah, those “costs” sure are fair, reasonable, reflective of performance and unavoidable. You just keep on paying them burt, James, Fot et al. I’m sure Mr Clyne and his buddies might even manage to send you a Christmas card. As long as you don’t mind those cheap mass-produced corporate ones… must control costs you know. Mugs.

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  36. Pete George (23,559 comments) says:

    RRM, next you’ll be claiming customers of other banks get better deals against their will due to Kiwibank competition.

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  37. burt (8,269 comments) says:

    Rex

    Yes if the state owned everything then there would be no fat cat CEO’s anywhere. Just fat lazy monopolies… like power generation, nice and cheap because the vast majority is state owned… Doooh.

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  38. burt (8,269 comments) says:

    RRM

    You introduced the concept that KiwiBank is profitable, you even noted their profit – now complete your argument and detail how much tax payers money has been pumped into Jolly Jim’s #1 popularity device. (The jobs machine use to be the #1 popularity device but the public funding just ended up being spent with multi nationals so we had to stop talking about the failure.)

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  39. Rex Widerstrom (5,354 comments) says:

    burt:

    I’m not advocating for state ownership which, as you say, leads to equally lazy, greedy monopolies from which no one benefits – at least with the banks (other than NAB) a few shareholders make something.

    I’m advocating for greatly improved regulation. At a number of bank AGMs (and AGMs of a handful of other large companies) smaller shareholders have tried to move to reduce or limit executive salaries or disallow “performance bonuses” when the “performance” had been in the negative.

    But they’ve been over-ruled by the proxies of large institutional investors, whose directors are member sof the same club as the bank directors.

    And also greater market regulation, as the Australian government is finally threatening the telcos, complaints against who are being received at the rate of four a minute by the telco ombudsman. After the telcos the banks are the biggest soure of consumer complaints, yet they operate with very light oversight.

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  40. Doug (410 comments) says:

    Duncan Garner’s latest blog gives Jim a serve. (Anderton’s toast, pull out now Jim)

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  41. Pete George (23,559 comments) says:

    Hmmm, Garner accuses Anderton of having an ego.

    I presume it’s too late for Anderton to pull out now anyway, the papers must just about ready to go in the mail.

    What other mayoralties is Garner going to try and arrange pre-election? I suppose at least he’s open about not attempting any media balance, but I’d call this a major overstep by a political journalist.

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  42. Grendel (1,002 comments) says:

    how much of Kiwibanks profit is padded by the fact that NZpost drastically reduces their rent and they get NZpost staff paid by NZpost to do KB work?

    i can;t recall where i saw it, but a NZpost high up did an analysis that said if they had to compete with other banks with their own branches (ie not working out of a post shop), their rates woul dhave to be the same if not higher.

    they get a massive subsidy becuase of post and tax payers money.

    also, don;t assume much on those awards, they are for ‘best value bank’ not neccessarily service. i have helped heaps of clients move away from them becuase of shoddy mortgage service. they are slow, have very high break fees (the highest in the industry), very inflexible and its very hard to get any of them on the phone to help.

    now for personal banking its not such an issue, but for mortgage clients, it can be a nightmare.

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  43. jock (11 comments) says:

    The old fart (war horse) should move on and spend more time checking out(at his advanced age)
    A retirement homes
    B future funeral directors
    and not think of future troughing (multable wages)
    Jimmy boy , you are old and from a differant time, remember old fart , you are now only one heart beat away from checking out(death), leave Chch to the young and bright,
    PS no agesim here im in my 60s and i feel newer blood is needed, clock out Jim before you become a embaressment

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  44. Viking2 (11,467 comments) says:

    He won’t. If he dies in office someone will want to give him a state funeral. Paid for of course by you know whom.

    For those bothered about Kiwibank and post shop stop and engage brain just for a moment. What would be the stste of NZ Post without the agency fees they collect from Kiwibank?
    NZ Post is losing ground fast. If you haven’t figured out why there’s not much help for you is there.!

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  45. Pete George (23,559 comments) says:

    Agreed, the Kiwibank agency has been a lifeline for NZ Post, who had to diversify to survive.

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  46. reid (16,440 comments) says:

    What would be the stste of NZ Post without the agency fees they collect from Kiwibank?

    Bzzzzzt. And…

    Agreed, the Kiwibank agency has been a lifeline for NZ Post, who had to diversify to survive.

    Bzzzzzt.

    Sorry folks, when KB was setup, NZ Post agreed to give ITS agency fees TO KB in order to seed it. Over most of the last years since it was setup, curiously enough, KB’s net profit has almost been mysteriously similar to the exact amount of those very same agency fees. Isn’t that curious?

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  47. Richard Hurst (855 comments) says:

    Jim Anderton is clearly focused on his political career right now. Bob Parker is clearly focused on the city and its people right now. Hmmmm…

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  48. slightlyrighty (2,475 comments) says:

    ….and if KB is a kiwi owned bank, then why are all it’s personal loans underwritten by a US based finance company? The interest earned is certainly not kept in NZ, but goes to the coffers of GE Money.

    Of course the true nature of KB’s finances or not in the public domain as the government cannot afford a major bank in NZ to go under at this time.

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