Wednesday, February 22, 2012

Comparing compensation.

Interesting snippet in Bryce Edwards political round-up today.
'Treaty settlements which now total $1.3 billion are less than the $1.77 billion paid to compensate mainly Pakeha investors in South Canterbury Finance'.
1.3 billion sounds low to me. Worth a look into though. If it's true then it's a nice line to shut anyone in the finance industry up on the odd occasion you met one at a BBQ or some such. It's an interesting comparison more than anything else, given that I suspect most New Zealanders aren't particularly happy about the 1.77 billion SCF bailout. Then again, that's just SCF. how much did all the other finance companies cost us?

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