• Wrecking the NZ economy, woke style

    From Gordon@21:1/5 to All on Tue Feb 4 07:51:03 2025
    https://www.nzherald.co.nz/nz/politics/prime-minister-christopher-luxon-lashes-banks-over-closing-petrol-stations-account/WGZ5FNKACBDF3PRP72MJZ63JCA/

    This is a good example of why the banks need to be de-powered. Or to enable some real competition.

    As the article points out one needs to mine to get the minerals you need to
    go green.

    It is indeed a crazy world.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to Gordon on Tue Feb 4 19:38:50 2025
    Gordon <Gordon@leaf.net.nz> wrote: >https://www.nzherald.co.nz/nz/politics/prime-minister-christopher-luxon-lashes-banks-over-closing-petrol-stations-account/WGZ5FNKACBDF3PRP72MJZ63JCA/

    This is a good example of why the banks need to be de-powered. Or to enable >some real competition.

    As the article points out one needs to mine to get the minerals you need to >go green.

    It is indeed a crazy world.
    It is not the business of banks to progress climate change initiatives.
    Some will strongly disagree with that but they are on the climate change scam bandwagon.
    Luxon is correct, the banks that are doing this are wrong on several levels.
    - They have no right to judge what their customers do for a living (provided it is legal).
    - They have no right to force their customers to take non-financial actions.
    - It is none of their business.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Rich80105@21:1/5 to lizandtony@orcon.net.nz on Wed Feb 5 15:08:34 2025
    On Tue, 4 Feb 2025 19:38:50 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Gordon <Gordon@leaf.net.nz> wrote: >>https://www.nzherald.co.nz/nz/politics/prime-minister-christopher-luxon-lashes-banks-over-closing-petrol-stations-account/WGZ5FNKACBDF3PRP72MJZ63JCA/

    This is a good example of why the banks need to be de-powered. Or to enable >>some real competition.

    As the article points out one needs to mine to get the minerals you need to >>go green.

    It is indeed a crazy world.
    It is not the business of banks to progress climate change initiatives.
    I do not think they are. What evidence do you have that not lending to
    a particular business has anything to do with climate change? Many
    businesses that call themselves petrol stations transact other
    business as well - and the article refers to “businesses like petrol
    stations and mines.” The article also indicates that banks have said
    that this is part of a commitment to climate change goals - and if
    that is true, and a particular bank considers that important to them,
    they are entitled to act on it.

    Some will strongly disagree with that but they are on the climate change scam >bandwagon.
    As above, we don't know that . . .

    I suspect that petrol / service stations have not proved sufficiently
    robust in the competitive market developed mostly during the term of
    the Labour-led governments - Luxon prefers cartels like the
    electricity companies and supermarkets that can make easy profits -
    but so probably do the banks.

    Luxon is correct, the banks that are doing this are wrong on several levels. >- They have no right to judge what their customers do for a living (provided it
    is legal).

    They will be judging whether the company is a good risk to lend to -
    and whether services such as credit card outlets can be justified in
    remote locations. Generally everyone would prefer not to work in a
    competitive market that keeps profit margins low, but has it crossed
    your mind that this is really just our market economy working for once
    as it is supposed to work?

    Luxon has of course never worked in a market that was highly
    competitive; it seems that you Tony as well as Luxon are in the terms
    you normally express just closet socialists that want government to do everything for you . . .

    - They have no right to force their customers to take non-financial actions. >- It is none of their business.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to Rich80105@hotmail.com on Wed Feb 5 03:52:44 2025
    Rich80105 <Rich80105@hotmail.com> wrote:
    On Tue, 4 Feb 2025 19:38:50 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Gordon <Gordon@leaf.net.nz> wrote: >>>https://www.nzherald.co.nz/nz/politics/prime-minister-christopher-luxon-lashes-banks-over-closing-petrol-stations-account/WGZ5FNKACBDF3PRP72MJZ63JCA/

    This is a good example of why the banks need to be de-powered. Or to enable >>>some real competition.

    As the article points out one needs to mine to get the minerals you need to >>>go green.

    It is indeed a crazy world.
    It is not the business of banks to progress climate change initiatives.
    I do not think they are. What evidence do you have that not lending to
    a particular business has anything to do with climate change? Many
    businesses that call themselves petrol stations transact other
    business as well - and the article refers to “businesses like petrol >stations and mines.” The article also indicates that banks have said
    that this is part of a commitment to climate change goals - and if
    that is true, and a particular bank considers that important to them,
    they are entitled to act on it.
    Read the article, cllearly you have not.

    Some will strongly disagree with that but they are on the climate change scam >>bandwagon.
    As above, we don't know that . . .
    As above we do know that.

    I suspect that petrol / service stations have not proved sufficiently
    robust in the competitive market developed mostly during the term of
    the Labour-led governments - Luxon prefers cartels like the
    electricity companies and supermarkets that can make easy profits -
    but so probably do the banks.
    As above, read it.

    Luxon is correct, the banks that are doing this are wrong on several levels. >>- They have no right to judge what their customers do for a living (provided >>it
    is legal).

    They will be judging whether the company is a good risk to lend to -
    and whether services such as credit card outlets can be justified in
    remote locations. Generally everyone would prefer not to work in a >competitive market that keeps profit margins low, but has it crossed
    your mind that this is really just our market economy working for once
    as it is supposed to work?
    Read the article, clearly you have not.

    Luxon has of course never worked in a market that was highly
    competitive;
    Yes he was, highly competitive, perhaps in the top handful of competitive businesses. You really need to get out and meet people.
    Abuse gone

    - They have no right to force their customers to take non-financial actions. >>- It is none of their business.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Crash@21:1/5 to lizandtony@orcon.net.nz on Wed Feb 5 17:44:28 2025
    On Wed, 5 Feb 2025 03:52:44 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Tue, 4 Feb 2025 19:38:50 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Gordon <Gordon@leaf.net.nz> wrote: >>>>https://www.nzherald.co.nz/nz/politics/prime-minister-christopher-luxon-lashes-banks-over-closing-petrol-stations-account/WGZ5FNKACBDF3PRP72MJZ63JCA/

    This is a good example of why the banks need to be de-powered. Or to enable >>>>some real competition.

    As the article points out one needs to mine to get the minerals you need to >>>>go green.

    It is indeed a crazy world.
    It is not the business of banks to progress climate change initiatives.
    I do not think they are. What evidence do you have that not lending to
    a particular business has anything to do with climate change? Many >>businesses that call themselves petrol stations transact other
    business as well - and the article refers to “businesses like petrol >>stations and mines.” The article also indicates that banks have said
    that this is part of a commitment to climate change goals - and if
    that is true, and a particular bank considers that important to them,
    they are entitled to act on it.
    Read the article, cllearly you have not.

    Some will strongly disagree with that but they are on the climate change scam
    bandwagon.
    As above, we don't know that . . .
    As above we do know that.

    I suspect that petrol / service stations have not proved sufficiently >>robust in the competitive market developed mostly during the term of
    the Labour-led governments - Luxon prefers cartels like the
    electricity companies and supermarkets that can make easy profits -
    but so probably do the banks.
    As above, read it.

    Luxon is correct, the banks that are doing this are wrong on several levels. >>>- They have no right to judge what their customers do for a living (provided >>>it
    is legal).

    They will be judging whether the company is a good risk to lend to -
    and whether services such as credit card outlets can be justified in
    remote locations. Generally everyone would prefer not to work in a >>competitive market that keeps profit margins low, but has it crossed
    your mind that this is really just our market economy working for once
    as it is supposed to work?
    Read the article, clearly you have not.

    Luxon has of course never worked in a market that was highly
    competitive;
    Yes he was, highly competitive, perhaps in the top handful of competitive >businesses. You really need to get out and meet people.
    Abuse gone

    - They have no right to force their customers to take non-financial actions. >>>- It is none of their business.

    Rather than singling out Banks that are discriminatory to customers
    based on what they consider Climate Change exposure, I would have
    thought that the Government would ask for advice from Kiwibank on how
    Kiwibank could act to offset this.

    National,in particular, are pro-business and pinning their economic
    growth. This is another avenue to get advice from Kiwibank. That
    advice could and should lead to viewpoints on competition and any
    impediments Kiwibank faces to offering specific solutions that would
    support exploiting gaps in Ozzie-owned banks services as well as
    exploiting options that promote economic growth.

    Kiwibank was not a result of any of the Coalition party policies, but
    it is there and should be tasked with filling any service gaps from
    other banks refusals to meet customer needs.


    --
    Crash McBash

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to Crash on Wed Feb 5 07:11:25 2025
    Crash <nogood@dontbother.invalid> wrote:
    On Wed, 5 Feb 2025 03:52:44 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Tue, 4 Feb 2025 19:38:50 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Gordon <Gordon@leaf.net.nz> wrote: >>>>>https://www.nzherald.co.nz/nz/politics/prime-minister-christopher-luxon-lashes-banks-over-closing-petrol-stations-account/WGZ5FNKACBDF3PRP72MJZ63JCA/

    This is a good example of why the banks need to be de-powered. Or to enable
    some real competition.

    As the article points out one needs to mine to get the minerals you need to
    go green.

    It is indeed a crazy world.
    It is not the business of banks to progress climate change initiatives. >>>I do not think they are. What evidence do you have that not lending to
    a particular business has anything to do with climate change? Many >>>businesses that call themselves petrol stations transact other
    business as well - and the article refers to “businesses like petrol >>>stations and mines.” The article also indicates that banks have said >>>that this is part of a commitment to climate change goals - and if
    that is true, and a particular bank considers that important to them, >>>they are entitled to act on it.
    Read the article, cllearly you have not.

    Some will strongly disagree with that but they are on the climate change >>>>scam
    bandwagon.
    As above, we don't know that . . .
    As above we do know that.

    I suspect that petrol / service stations have not proved sufficiently >>>robust in the competitive market developed mostly during the term of
    the Labour-led governments - Luxon prefers cartels like the
    electricity companies and supermarkets that can make easy profits -
    but so probably do the banks.
    As above, read it.

    Luxon is correct, the banks that are doing this are wrong on several levels.
    - They have no right to judge what their customers do for a living >>>>(provided
    it
    is legal).

    They will be judging whether the company is a good risk to lend to -
    and whether services such as credit card outlets can be justified in >>>remote locations. Generally everyone would prefer not to work in a >>>competitive market that keeps profit margins low, but has it crossed
    your mind that this is really just our market economy working for once
    as it is supposed to work?
    Read the article, clearly you have not.

    Luxon has of course never worked in a market that was highly
    competitive;
    Yes he was, highly competitive, perhaps in the top handful of competitive >>businesses. You really need to get out and meet people.
    Abuse gone

    - They have no right to force their customers to take non-financial actions.
    - It is none of their business.

    Rather than singling out Banks that are discriminatory to customers
    based on what they consider Climate Change exposure, I would have
    thought that the Government would ask for advice from Kiwibank on how >Kiwibank could act to offset this.

    National,in particular, are pro-business and pinning their economic
    growth. This is another avenue to get advice from Kiwibank. That
    advice could and should lead to viewpoints on competition and any
    impediments Kiwibank faces to offering specific solutions that would
    support exploiting gaps in Ozzie-owned banks services as well as
    exploiting options that promote economic growth.

    Kiwibank was not a result of any of the Coalition party policies, but
    it is there and should be tasked with filling any service gaps from
    other banks refusals to meet customer needs.

    Good idea Crash. Yes, it is perhaps an opportunity missed.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Rich80105@21:1/5 to lizandtony@orcon.net.nz on Wed Feb 5 22:22:13 2025
    On Wed, 5 Feb 2025 03:52:44 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Tue, 4 Feb 2025 19:38:50 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Gordon <Gordon@leaf.net.nz> wrote: >>>>https://www.nzherald.co.nz/nz/politics/prime-minister-christopher-luxon-lashes-banks-over-closing-petrol-stations-account/WGZ5FNKACBDF3PRP72MJZ63JCA/

    This is a good example of why the banks need to be de-powered. Or to enable >>>>some real competition.

    As the article points out one needs to mine to get the minerals you need to >>>>go green.

    It is indeed a crazy world.
    It is not the business of banks to progress climate change initiatives.
    I do not think they are. What evidence do you have that not lending to
    a particular business has anything to do with climate change? Many >>businesses that call themselves petrol stations transact other
    business as well - and the article refers to “businesses like petrol >>stations and mines.” The article also indicates that banks have said
    that this is part of a commitment to climate change goals - and if
    that is true, and a particular bank considers that important to them,
    they are entitled to act on it.
    Read the article, cllearly you have not.

    Some will strongly disagree with that but they are on the climate change scam
    bandwagon.
    As above, we don't know that . . .
    As above we do know that.

    I suspect that petrol / service stations have not proved sufficiently >>robust in the competitive market developed mostly during the term of
    the Labour-led governments - Luxon prefers cartels like the
    electricity companies and supermarkets that can make easy profits -
    but so probably do the banks.
    As above, read it.

    Luxon is correct, the banks that are doing this are wrong on several levels. >>>- They have no right to judge what their customers do for a living (provided >>>it
    is legal).

    They will be judging whether the company is a good risk to lend to -
    and whether services such as credit card outlets can be justified in
    remote locations. Generally everyone would prefer not to work in a >>competitive market that keeps profit margins low, but has it crossed
    your mind that this is really just our market economy working for once
    as it is supposed to work?
    Read the article, clearly you have not.

    Then you explain why they cannot just decide not to increase lending
    to a particular sector. Perhaps they just think that is in their
    interests in maximising profits - what law or rule are they breaking?


    Luxon has of course never worked in a market that was highly
    competitive;
    Yes he was, highly competitive, perhaps in the top handful of competitive >businesses. You really need to get out and meet people.
    Abuse gone

    - They have no right to force their customers to take non-financial actions. >>>- It is none of their business.

    The banks have not tried to force anyone to take any actions - they
    are just indicating an area where they are unlikely to accept
    applications for loans. You may think that anything the prime minister
    thinks should be taken as law, but it may surprise you to know that
    such a statement would not be true. I appreciate you have a tendency
    to think that anything a prime minister says must be true, but would
    you think the same if the prime minister were to be the Labour Party
    leader - could you see a problem with that?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to Rich80105@hotmail.com on Wed Feb 5 18:52:41 2025
    Rich80105 <Rich80105@hotmail.com> wrote:
    On Wed, 5 Feb 2025 03:52:44 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Tue, 4 Feb 2025 19:38:50 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Gordon <Gordon@leaf.net.nz> wrote: >>>>>https://www.nzherald.co.nz/nz/politics/prime-minister-christopher-luxon-lashes-banks-over-closing-petrol-stations-account/WGZ5FNKACBDF3PRP72MJZ63JCA/

    This is a good example of why the banks need to be de-powered. Or to enable
    some real competition.

    As the article points out one needs to mine to get the minerals you need to
    go green.

    It is indeed a crazy world.
    It is not the business of banks to progress climate change initiatives. >>>I do not think they are. What evidence do you have that not lending to
    a particular business has anything to do with climate change? Many >>>businesses that call themselves petrol stations transact other
    business as well - and the article refers to “businesses like petrol >>>stations and mines.” The article also indicates that banks have said >>>that this is part of a commitment to climate change goals - and if
    that is true, and a particular bank considers that important to them, >>>they are entitled to act on it.
    Read the article, cllearly you have not.

    Some will strongly disagree with that but they are on the climate change >>>>scam
    bandwagon.
    As above, we don't know that . . .
    As above we do know that.

    I suspect that petrol / service stations have not proved sufficiently >>>robust in the competitive market developed mostly during the term of
    the Labour-led governments - Luxon prefers cartels like the
    electricity companies and supermarkets that can make easy profits -
    but so probably do the banks.
    As above, read it.

    Luxon is correct, the banks that are doing this are wrong on several levels.
    - They have no right to judge what their customers do for a living >>>>(provided
    it
    is legal).

    They will be judging whether the company is a good risk to lend to -
    and whether services such as credit card outlets can be justified in >>>remote locations. Generally everyone would prefer not to work in a >>>competitive market that keeps profit margins low, but has it crossed
    your mind that this is really just our market economy working for once
    as it is supposed to work?
    Read the article, clearly you have not.

    Then you explain why they cannot just decide not to increase lending
    to a particular sector.
    Read the article, it is nothing to do with market sectors.
    Perhaps they just think that is in their
    interests in maximising profits - what law or rule are they breaking?
    Who said they are breaking any law? Read the damn article.


    Luxon has of course never worked in a market that was highly
    competitive;
    Yes he was, highly competitive, perhaps in the top handful of competitive >>businesses. You really need to get out and meet people.
    Abuse gone

    - They have no right to force their customers to take non-financial actions.
    - It is none of their business.

    The banks have not tried to force anyone to take any actions - they
    are just indicating an area where they are unlikely to accept
    applications for loans.
    Read the article, get help with your comprehension and when you finally understand the very straightforward logic, go and put your sackcloth back on. Abuse gone
    Abuse gone

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Rich80105@21:1/5 to lizandtony@orcon.net.nz on Thu Feb 6 08:57:48 2025
    On Wed, 5 Feb 2025 18:52:41 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Wed, 5 Feb 2025 03:52:44 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Tue, 4 Feb 2025 19:38:50 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Gordon <Gordon@leaf.net.nz> wrote: >>>>>>https://www.nzherald.co.nz/nz/politics/prime-minister-christopher-luxon-lashes-banks-over-closing-petrol-stations-account/WGZ5FNKACBDF3PRP72MJZ63JCA/

    This is a good example of why the banks need to be de-powered. Or to enable
    some real competition.

    As the article points out one needs to mine to get the minerals you need to
    go green.

    It is indeed a crazy world.
    It is not the business of banks to progress climate change initiatives. >>>>I do not think they are. What evidence do you have that not lending to >>>>a particular business has anything to do with climate change? Many >>>>businesses that call themselves petrol stations transact other
    business as well - and the article refers to “businesses like petrol >>>>stations and mines.” The article also indicates that banks have said >>>>that this is part of a commitment to climate change goals - and if
    that is true, and a particular bank considers that important to them, >>>>they are entitled to act on it.
    Read the article, cllearly you have not.

    Some will strongly disagree with that but they are on the climate change >>>>>scam
    bandwagon.
    As above, we don't know that . . .
    As above we do know that.

    I suspect that petrol / service stations have not proved sufficiently >>>>robust in the competitive market developed mostly during the term of >>>>the Labour-led governments - Luxon prefers cartels like the
    electricity companies and supermarkets that can make easy profits -
    but so probably do the banks.
    As above, read it.

    Luxon is correct, the banks that are doing this are wrong on several levels.
    - They have no right to judge what their customers do for a living >>>>>(provided
    it
    is legal).

    They will be judging whether the company is a good risk to lend to - >>>>and whether services such as credit card outlets can be justified in >>>>remote locations. Generally everyone would prefer not to work in a >>>>competitive market that keeps profit margins low, but has it crossed >>>>your mind that this is really just our market economy working for once >>>>as it is supposed to work?
    Read the article, clearly you have not.

    Then you explain why they cannot just decide not to increase lending
    to a particular sector.
    Read the article, it is nothing to do with market sectors.
    Perhaps they just think that is in their
    interests in maximising profits - what law or rule are they breaking?
    Who said they are breaking any law? Read the damn article.


    Luxon has of course never worked in a market that was highly >>>>competitive;
    Yes he was, highly competitive, perhaps in the top handful of competitive >>>businesses. You really need to get out and meet people.
    Abuse gone

    - They have no right to force their customers to take non-financial actions.
    - It is none of their business.

    The banks have not tried to force anyone to take any actions - they
    are just indicating an area where they are unlikely to accept
    applications for loans.
    Read the article, get help with your comprehension and when you finally >understand the very straightforward logic, go and put your sackcloth back on. >Abuse gone
    Abuse gone

    Oh I do get the picture, Tony; and I agree with you that the current
    government is "Wrecking the NZ economy, woke style." - and to use your expression from another thread, they are "digraceful"

    Nothing to do with either the Real Estate Institute or decisions made
    by banks - I accept that you were "off track."

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to Rich80105@hotmail.com on Thu Feb 6 01:52:08 2025
    Rich80105 <Rich80105@hotmail.com> wrote:
    On Wed, 5 Feb 2025 18:52:41 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Wed, 5 Feb 2025 03:52:44 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Tue, 4 Feb 2025 19:38:50 -0000 (UTC), Tony >>>>><lizandtony@orcon.net.nz> wrote:

    Gordon <Gordon@leaf.net.nz> wrote: >>>>>>>https://www.nzherald.co.nz/nz/politics/prime-minister-christopher-luxon-lashes-banks-over-closing-petrol-stations-account/WGZ5FNKACBDF3PRP72MJZ63JCA/

    This is a good example of why the banks need to be de-powered. Or to >>>>>>>enable
    some real competition.

    As the article points out one needs to mine to get the minerals you need >>>>>>>to
    go green.

    It is indeed a crazy world.
    It is not the business of banks to progress climate change initiatives. >>>>>I do not think they are. What evidence do you have that not lending to >>>>>a particular business has anything to do with climate change? Many >>>>>businesses that call themselves petrol stations transact other >>>>>business as well - and the article refers to “businesses like petrol >>>>>stations and mines.” The article also indicates that banks have said >>>>>that this is part of a commitment to climate change goals - and if >>>>>that is true, and a particular bank considers that important to them, >>>>>they are entitled to act on it.
    Read the article, cllearly you have not.

    Some will strongly disagree with that but they are on the climate change >>>>>>scam
    bandwagon.
    As above, we don't know that . . .
    As above we do know that.

    I suspect that petrol / service stations have not proved sufficiently >>>>>robust in the competitive market developed mostly during the term of >>>>>the Labour-led governments - Luxon prefers cartels like the >>>>>electricity companies and supermarkets that can make easy profits - >>>>>but so probably do the banks.
    As above, read it.

    Luxon is correct, the banks that are doing this are wrong on several >>>>>>levels.
    - They have no right to judge what their customers do for a living >>>>>>(provided
    it
    is legal).

    They will be judging whether the company is a good risk to lend to - >>>>>and whether services such as credit card outlets can be justified in >>>>>remote locations. Generally everyone would prefer not to work in a >>>>>competitive market that keeps profit margins low, but has it crossed >>>>>your mind that this is really just our market economy working for once >>>>>as it is supposed to work?
    Read the article, clearly you have not.

    Then you explain why they cannot just decide not to increase lending
    to a particular sector.
    Read the article, it is nothing to do with market sectors.
    Perhaps they just think that is in their
    interests in maximising profits - what law or rule are they breaking?
    Who said they are breaking any law? Read the damn article.


    Luxon has of course never worked in a market that was highly >>>>>competitive;
    Yes he was, highly competitive, perhaps in the top handful of competitive >>>>businesses. You really need to get out and meet people.
    Abuse gone

    - They have no right to force their customers to take non-financial >>>>>>actions.
    - It is none of their business.

    The banks have not tried to force anyone to take any actions - they
    are just indicating an area where they are unlikely to accept >>>applications for loans.
    Read the article, get help with your comprehension and when you finally >>understand the very straightforward logic, go and put your sackcloth back on. >>Abuse gone
    Abuse gone

    Abuse gone, off topic sarcasm gone.
    Pathetic cowardly rhetoric from Rich also gone. He hates losing.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to Rich80105@hotmail.com on Thu Feb 6 06:46:36 2025
    Rich80105 <Rich80105@hotmail.com> wrote:
    On Thu, 6 Feb 2025 01:52:08 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Wed, 5 Feb 2025 18:52:41 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Wed, 5 Feb 2025 03:52:44 -0000 (UTC), Tony >>>>><lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Tue, 4 Feb 2025 19:38:50 -0000 (UTC), Tony >>>>>>><lizandtony@orcon.net.nz> wrote:

    Gordon <Gordon@leaf.net.nz> wrote: >>>>>>>>>https://www.nzherald.co.nz/nz/politics/prime-minister-christopher-luxon-lashes-banks-over-closing-petrol-stations-account/WGZ5FNKACBDF3PRP72MJZ63JCA/

    This is a good example of why the banks need to be de-powered. Or to >>>>>>>>>enable
    some real competition.

    As the article points out one needs to mine to get the minerals you >>>>>>>>>need
    to
    go green.

    It is indeed a crazy world.
    It is not the business of banks to progress climate change initiatives. >>>>>>>I do not think they are. What evidence do you have that not lending to >>>>>>>a particular business has anything to do with climate change? Many >>>>>>>businesses that call themselves petrol stations transact other >>>>>>>business as well - and the article refers to “businesses like petrol >>>>>>>stations and mines.” The article also indicates that banks have said >>>>>>>that this is part of a commitment to climate change goals - and if >>>>>>>that is true, and a particular bank considers that important to them, >>>>>>>they are entitled to act on it.
    Read the article, cllearly you have not.

    Some will strongly disagree with that but they are on the climate >>>>>>>>change
    scam
    bandwagon.
    As above, we don't know that . . .
    As above we do know that.

    I suspect that petrol / service stations have not proved sufficiently >>>>>>>robust in the competitive market developed mostly during the term of >>>>>>>the Labour-led governments - Luxon prefers cartels like the >>>>>>>electricity companies and supermarkets that can make easy profits - >>>>>>>but so probably do the banks.
    As above, read it.

    Luxon is correct, the banks that are doing this are wrong on several >>>>>>>>levels.
    - They have no right to judge what their customers do for a living >>>>>>>>(provided
    it
    is legal).

    They will be judging whether the company is a good risk to lend to - >>>>>>>and whether services such as credit card outlets can be justified in >>>>>>>remote locations. Generally everyone would prefer not to work in a >>>>>>>competitive market that keeps profit margins low, but has it crossed >>>>>>>your mind that this is really just our market economy working for once >>>>>>>as it is supposed to work?
    Read the article, clearly you have not.

    Then you explain why they cannot just decide not to increase lending >>>>>to a particular sector.
    Read the article, it is nothing to do with market sectors.
    Perhaps they just think that is in their
    interests in maximising profits - what law or rule are they breaking? >>>>Who said they are breaking any law? Read the damn article.


    Luxon has of course never worked in a market that was highly >>>>>>>competitive;
    Yes he was, highly competitive, perhaps in the top handful of competitive >>>>>>businesses. You really need to get out and meet people.
    Abuse gone

    - They have no right to force their customers to take non-financial >>>>>>>>actions.
    - It is none of their business.

    The banks have not tried to force anyone to take any actions - they >>>>>are just indicating an area where they are unlikely to accept >>>>>applications for loans.
    Read the article, get help with your comprehension and when you finally >>>>understand the very straightforward logic, go and put your sackcloth back >>>>on.
    Abuse gone
    Abuse gone

    Abuse gone, off topic sarcasm gone.
    Pathetic cowardly rhetoric from Rich also gone. He hates losing.

    Sarcastic abuse gone
    Sarcastic abuse gone
    Now do try, dear boy, to get back on track and address the subject.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Rich80105@21:1/5 to lizandtony@orcon.net.nz on Thu Feb 6 19:18:03 2025
    On Thu, 6 Feb 2025 01:52:08 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Wed, 5 Feb 2025 18:52:41 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Wed, 5 Feb 2025 03:52:44 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote:
    On Tue, 4 Feb 2025 19:38:50 -0000 (UTC), Tony >>>>>><lizandtony@orcon.net.nz> wrote:

    Gordon <Gordon@leaf.net.nz> wrote: >>>>>>>>https://www.nzherald.co.nz/nz/politics/prime-minister-christopher-luxon-lashes-banks-over-closing-petrol-stations-account/WGZ5FNKACBDF3PRP72MJZ63JCA/

    This is a good example of why the banks need to be de-powered. Or to >>>>>>>>enable
    some real competition.

    As the article points out one needs to mine to get the minerals you need
    to
    go green.

    It is indeed a crazy world.
    It is not the business of banks to progress climate change initiatives. >>>>>>I do not think they are. What evidence do you have that not lending to >>>>>>a particular business has anything to do with climate change? Many >>>>>>businesses that call themselves petrol stations transact other >>>>>>business as well - and the article refers to “businesses like petrol >>>>>>stations and mines.” The article also indicates that banks have said >>>>>>that this is part of a commitment to climate change goals - and if >>>>>>that is true, and a particular bank considers that important to them, >>>>>>they are entitled to act on it.
    Read the article, cllearly you have not.

    Some will strongly disagree with that but they are on the climate change >>>>>>>scam
    bandwagon.
    As above, we don't know that . . .
    As above we do know that.

    I suspect that petrol / service stations have not proved sufficiently >>>>>>robust in the competitive market developed mostly during the term of >>>>>>the Labour-led governments - Luxon prefers cartels like the >>>>>>electricity companies and supermarkets that can make easy profits - >>>>>>but so probably do the banks.
    As above, read it.

    Luxon is correct, the banks that are doing this are wrong on several >>>>>>>levels.
    - They have no right to judge what their customers do for a living >>>>>>>(provided
    it
    is legal).

    They will be judging whether the company is a good risk to lend to - >>>>>>and whether services such as credit card outlets can be justified in >>>>>>remote locations. Generally everyone would prefer not to work in a >>>>>>competitive market that keeps profit margins low, but has it crossed >>>>>>your mind that this is really just our market economy working for once >>>>>>as it is supposed to work?
    Read the article, clearly you have not.

    Then you explain why they cannot just decide not to increase lending
    to a particular sector.
    Read the article, it is nothing to do with market sectors.
    Perhaps they just think that is in their
    interests in maximising profits - what law or rule are they breaking? >>>Who said they are breaking any law? Read the damn article.


    Luxon has of course never worked in a market that was highly >>>>>>competitive;
    Yes he was, highly competitive, perhaps in the top handful of competitive >>>>>businesses. You really need to get out and meet people.
    Abuse gone

    - They have no right to force their customers to take non-financial >>>>>>>actions.
    - It is none of their business.

    The banks have not tried to force anyone to take any actions - they
    are just indicating an area where they are unlikely to accept >>>>applications for loans.
    Read the article, get help with your comprehension and when you finally >>>understand the very straightforward logic, go and put your sackcloth back on.
    Abuse gone
    Abuse gone

    Abuse gone, off topic sarcasm gone.
    Pathetic cowardly rhetoric from Rich also gone. He hates losing.

    In your haste, it appears that you missed my agreeing with you:
    "Oh I do get the picture, Tony; and I agree with you that the current government is "Wrecking the NZ economy, woke style." - and to use your expression from another thread, they are "digraceful"

    Nothing to do with either the Real Estate Institute or decisions made
    by banks - I accept that you were "off track." "

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)