IMAGE
"It looks like the government may have to bail out this finance company." "BLAST! This is the company I was thinking of asking to bail out the government!" 31 August 2010
- Date
- 2010
- Reference
- DCDL-0015460
- Description
'The Politician' cartoon strip. An assistant tells the minister as he hands him a document, that the government may have to bail out this finance company and the minister is dismayed because he had hoped that the company could bail out the government. Refers to The government's decision not to support a recapitalisation plan for South Canterbury Finance. It seems that receivership was the cleanest, simplest and ultimately safest option for both taxpayers and investors. The government now has to pay out around NZ$1.6 billion to 35,000 depositers in South Canterbury Finance who were covered under the extended guarantee scheme. The government is now in control and the Serious Fraud Office will extend and deepen its investigation of Allan Hubbard's affairs.
Quantity: 1 digital cartoon(s).
- Use/Reproduction
- Please check copyright
- Access restrictions
- No access restrictions
- Part of
- Fletcher, David, 1952- :Digital cartoons
- Format
- 1 digital cartoon(s), Works of art, Digital images, Cartoons (Commentary)
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"It looks like the government may have to bail out this finance company." "BLAST! This is the company I was thinking of asking to bail out the government!" 31 August 2010. Fletcher, David, 1952- :Digital cartoons. Ref: DCDL-0015460. Alexander Turnbull Library, Wellington, New Zealand. /records/23016853More information can be found in our terms of use.