Its all shere politics. The Nats greatest vote was in Sth Canterbury, Oamaru and the old Shipley-Connel electorate. Maybe that vote isn't their anymore but the Nats simply won't wise up, that its vote they shouldn't have gone after. Labour has never learned either. Helen Clark said after the 85 by election that Labour had no business winning Timaru. And then she brought Sutton back an unreconstructed Roger Nome. This is just the strategy of the brat pack led by english and smith. They want this sort of neathendral vote which they hope they can rely on to support there extreme moral conservatism. Of course SFC depositers were bailed out. Of course CRC and rolled by Smith and the lap dog Bazley put in. Nobody sensible would ever have given dairy water use consents to the unintelligent uneducated unresourced types applying for their consents, but there the type of people who vote for English, Smith and Nats in the provinces. People who actually believe in freedom, the market, reform, modernisation, reward for talent and a modern NZ based on something more than dairy farming like mass market tourism for under 40's and fishing offshore and in lakes should realise that its the Brat pack that have no business being in the National party. The correct strategy is to ignore the provinces, create more farmland by bulldozing Timaru, Invercargill and Wanganui and quite possibly revert to an equivalent franchise to that of 1832. Restricting the vote and jury service to the intelligent half of the population would certainly be a move forward.
I think this is great for the families that had money in South Canterbury Finance but why bail this one out and not any of the others. Perhaps the government could look at doing the same to the families affected by Blue Chip a couple of years ago.
Great to see a Govt guarantee scheme operating swiftly, hopefully minimising any flow on effects of the receivership on the populace at large.A large feather in Nationals cap imho.