Home > The Body Politic > Mum & Dad investors?

Mum & Dad investors?

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John Key laments that he could do nothing to stop the sale of the Crafar farms to overseas investors because of our Free Trade Agreement with China.  Shanghai Pengxin had as much right to bid for, and have their bid accepted, as any other bidder in this country,

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Full Story

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Key says that attempting to halt the sale would have meant the Chinese suing us for breaching the FTA, as he was quoted in the Otago Daily Times,

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“Ministers could have overturned that decision, but there were no reasons to do so. The OIO correctly interpreted the legislation, and had they turned it down simply on the basis of being Chinese, it would not only be unlawful but unacceptable and would have been overturned in the courts.” ” – Source

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In which case, how will John Key ensure that Kiwi “mum and dad” investors are allowed first option to buy shares in soon-to-be privatised state power companies – without Chinese demanding the same right to bid,

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Full Story

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Won’t we be sued by China  if “mum & dad” investors get first preference over countries with which we have a FTA with?

It will be interesting to see how our Dear Leader resolves this little dilemma.

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  1. Red
    3 February 2012 at 12:50 pm

    Key sounds more and more dodgy! I’m really pleased I didn’t vote for him. He just comes across as sifty.

  2. Alex B.
    10 February 2012 at 7:16 pm

    I’m glad I’m not his grandmother. He’d sell me to the highest bidder!

    It looks like we’ll be working for foreingners given a few more years. Thankyou Donkey I hope they paid you well to sell out your own people.

  3. Sally S.
    10 February 2012 at 9:04 pm

    I can’t get over Key offering to sell us something we already own! LOL! I guess there will be some people who are foolish or greedy enough to fall for it.

  4. Very Annoyed Voter
    11 February 2012 at 8:40 am

    Like we can afford to buy shares ! It’s hard enough paying all the bills!

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