Episode Transcript
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Speaker 1 (00:00):
News talks will be Bery Soper, senior political correspondents with us.
Speaker 2 (00:03):
Hey, Barry, good afternoon.
Speaker 1 (00:04):
Right, a big night tonight for Shane Jones. He's got
his White Tangy party.
Speaker 2 (00:09):
Yeah, I should be there rather than here, should be right.
And I've never been to Shane Jones Whitey, But no
I haven't. I know you? Have you a regular? No?
Speaker 1 (00:18):
I know? I actually I've been. No, I haven't, haven't
you No, I've been to many parties up north.
Speaker 2 (00:24):
They renowned in the North. Yea, his parties. Seafood is
on display and there's munched its way through and plenty
of grog, plenty of It's a great start. I've been
told to White Tangy week and only Shane Jones. He's
expecting four hundred and fifty people there tonight.
Speaker 1 (00:44):
Goodness me. Now more important issues Shane's and staying with
Shane Jones, because he's talking about with the banks and
the fact that they're not lending to some farmers and
to some big oil and even petrol station.
Speaker 2 (00:55):
Well, he's talking about banks essentially being dictator, dictating their.
Speaker 1 (01:00):
Social pecking and jee requirements.
Speaker 2 (01:02):
Yeah, you'll be aware the country's trading banks are at
the moment before a Parliamentary select committee. They're looking at
the competitive nature of them, but it looks as though
in my view, and you'll hear Chris Luckson shortly, they
are attempting or they're thinking about going further and that's
telling banks who they should be lending to. Internationally, there
(01:25):
are governments that do dictate that to banks in the
public interest, like mining that we're now going down that
track again. The ben Z they've pulled back from that,
saying that I want to have anything to do with mining,
and similarly with service stations. They don't want to be
lending to be building service stations in the provinces because
(01:46):
they say it's a credit risk. Well, with Mike Hosking
this morning, i'd know whether you heard Chris luckson on
he wasn't mincing his word about the banks, indicating there
could be a law on the way to make them
toe the line when it comes to financing stuff in
New Zealand's best interest. Now, the b and Z, like
I said, was has turned its back on financing coal
(02:10):
mines and service station here's the Prime Minister a.
Speaker 3 (02:12):
Listen, it's utterly unacceptable, utterly unacceptable and that's what we've
got to change, and we've made it very clear in
our comments and I hope the bank CEOs are noticing
our language, which is you've got to finance things that
Kiwis need and not financing service stations or coal companies.
Those are things that New Zealand needs. And so whether
it's been the Benz on service stations or any of
the other banks, their job is not politically posturing. Their
(02:34):
job is to finance the things that Kiwis need. They
don't want this political posturing going on BNZ. You know
they want to not fund service stations in provincial New
Zealand for example. Well, we've got two to three percent
electric vehicle penetration at the moment. It ain't going to
change in a hurry. And frankly that's not their decision.
Speaker 2 (02:49):
Well, in fact, it is their decision. It is a
standalone business totally. And I thought of an analogy that.
Speaker 1 (02:57):
Passes me off this Well, no.
Speaker 2 (02:59):
No, me too. But Chris Luxon think about it as
the former CEO of the in New Zealand if he
was told by the government, and the government would have
more right to it tally in New Zealand, given they
own more than fifty percent of the airline, saying that
you've got to fly that route even though it maybe
not be financially viable. Now you could say that with
(03:21):
Kiwi Bank, maybe they should turn their attention on Kiwi
Bank and say, listen, you have the best interests of
New Zealand, you have to But with these big trading banks. Now,
I'm no defender of banks. They make massive profits on
the back of high interest rates for mortgage holders in
New Zealand. Nevertheless, it's not the government's job to involve
(03:42):
it in private business with you.
Speaker 1 (03:45):
And it runs, it runs rough shot over every argument
he has made about labor over regulating banks, and that's
part of the reason why we're being charged so much
and part of the reason why we need this inquiry.
To then turn around and say, what I'm going to
do is regulate what they can and who they can
and can't lend to.
Speaker 2 (04:02):
You can't do it, well, you know Gloria Vale. Let's
just think about Gloria Vale. Yeah, there was you know,
they topped the B and Z to court, yes, because
of the slave labor claims about it, and they lost.
The B and Z won the case, and that let
that be a warning to the government.
Speaker 1 (04:20):
They can do what they like. And also one one
man's Gloria Vale is another man's dildo shop. Remember that.
Remember they wouldn't let's sell to the six shops. Hey,
we probably got time for very quickly. This opinion poll.
It's got Labor ahead and it's got the left forming
a government.
Speaker 2 (04:37):
Well, it's incredible, isn't it?
Speaker 3 (04:39):
You know?
Speaker 2 (04:39):
On your head? Be it. If that's the way you
want the country to be run with the Labor Party,
the Greens and the Maldi Party, good luck to you,
because I tell you what, there'll be a lot of
people flooding out of the country and heading off overseas
if that's the case. But that's the tall but Mills Pole.
They are the internal polsters for the Labor Party. But
(05:01):
they've put Labor ahead and they've put Chris Luxen behind
Chris Sipkins. So who knows what the public are thinking? Fickle,
that's what I say.
Speaker 1 (05:11):
Barry Soper News Talks, they'd be senior political correspondent. Great
to see you as always.
Speaker 2 (05:16):
For more from Hither Duplessy Allen Drive.
Speaker 1 (05:18):
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