Friday, April 24, 2009
GUESTPOST by Tempest
You know I bank with one of those parasitic outfits that ship my money offshore to invest in housing collapses, derivatives, arms dealers and phony stocks. I am paranoid that whoever really owns the bank is suddenly going to collapse. Thats why I wonder what are the alternatives? I think Ngai Tahu have done a good job getting Whai Rawa off the ground but the returns are very weak. Why not take it to the next stage and form a bank? In that way I can invest my money with Ngai Tahu, gain a fair return, seek a mortgage at a fair rate and all profits go back to where I can see and understand them. Wouldn't it be nice to actually employ Ngai Tahu people. With the number of members of Ngai Tahu and the ability to engage in internet banking it seems possible to consider this as an option. Wouldn't all that money sloshing around Ngai Tahu be better in a Ngai Tahu bank? Could we actually be visionary? Dare we dream.