Deadline looms on $1.5b collapse bill for taxpayers
Here's the truth, buried deep in the text:-
Sources close to the company last week tipped a deal with overseas investors that could require as much as $600 million in taxpayer-funded sweeteners and would result in losses of about $250 million.So, now that we've established that the true tax payer exposure is closer to $250 mil can we ask the Herald and any of it's idiot correspondents if they seriously believe the crap they write?
Do they seriously think for just one moment that the assets of South Canterbury Finance are worth a big fat ZERO?
What a guttersnipe worthless rag is this daily embarrassment to Auckland.