Adolf missed an excellent piece by Bernard Hickey yesterday. Adolf agrees with him entirely.
The big four banks have been caught out indulging in institutionalised theft on a grand scale and the High Court has turned down their appeal.
It now remains to be seen whether they will take a further appeal to the Supreme Court. Adolf hopes they do and he hopes they cop the bleating judicial activist Sian Elias in one of her particularity 'socialist do-gooder' moods. Another failed appeal will add a few hundred million more to the final account by way of use of money interest and late payment penalties.
Adolf loves to pay tax. If you are paying tax you are making money. Sure sometimes he's been a bit late when cash flow was tight but the taxes still got paid, eventually.
The most disgusting person I have ever met was the 'born again' happy clappy Christian who had set his business up within a trading trust in order that he could show himself as having no income, so as to qualify for the DPB (His wife was as made as a snake and had beaten him up before returning to the whanau up North.) This fraudster had the nerve to admonish me to 'keep my faith strong.'
The banks' engagement in fraudulent sham transactions over an extended period provides John Key and Bill English with a huge opportunity to cash in politically and cut what legs remain from under Labour.
Bill English should announce today that when the banks shape up and hand over their three billion smakeroos, he will put half of it into the Cullen Fund.
Should be worth about three basis points on the Roy Morgan scale, I reckon.
July 8 in history
1 hour ago