This is on fair, as when I tried asking John Key, via the Official Information Act(OIA), about his very questionable activities when he was the head Merrill Lynch European Derivatives division leading up to the 2008 global counterfeit credit caused crisis, as evidenced in these articles here below, John Key refused, telling me anything prior to him becoming a Member of Parliament does not come under the OIA. So it only makes sense that he understands that everything after that does?; publiccreditorbust.blogspot.co.nz/2013/03/john-key-new-zealand-prime-minister.html John Key – The Unauthorised Biography - Weekend Herald Sat July 19 2008 Merrill Lynch Senior Executive Steve Bollotti said of John Key “He revolutionised the blue blood investment banking sector.” Key explains: “I had a whole lot of people working for me who were at the cutting edge of delivering quite complex and new and innovative products. They tended to either be a new product or into a new market, usually the emerging markets, Russia, Brazil, Argentina. I wasn’t the guy sitting there dreaming it all up, but I was the guy who was responsible for those people.” Did he foresee the problems which resulted in the sub-prime crisis? “Was it hard to predict? Not really.” We had this beautiful thing going because we were the first to supply margin trading to big hedge funds. We had the capability to cross-sell them several products using one bit of margin. publiccreditorbust.blogspot.co.nz/2013/05/former-investment-banker-and-current.html John Key says about Wall street and the Occupy movement the following: ” If you go all the way back to what’s caused the global financial crisis you can apportion an enormous amount of the blame at the foot steps of Wall street and it ultimately created products that destroyed capital around the world and fitfully (whatever that means) destroyed banks around the world.: “I mean they sold products that in their heart of hearts they must have known they wouldn’t be repaid for so I can understand that bit….” end quote tvnz.co.nz/politics-news/john-key-under-investigation-deleting-whale-oil-texts-6210612
Posted on: Mon, 22 Dec 2014 10:09:04 +0000
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