New Zealand your media treats you as if you are stupid and vacuous, and articles like this are the only things your feeble minds can handle at any given time, unless Paddy has turned up with his friends Shouty Paddy and Opinionated Paddy. Seriously NZ trust me, I’m on Twitter a bit and this is not news. If it’s anything, it’s a desperate cry for help from political journalism the world over to wrestle it back from the eternally lazy and intellectually disinterested.
After only a few years in parliament, a relative newcomer to politics, John Philip Key became the leader of the National party of New Zealand. He was subsequently elected the Prime Minister of New Zealand on 8 November 2008 and three years later re-elected, today he is beginning his third term. Many questions about this man remain unanswered and this blog in part is in response to those questions.
In August 2007 he told the New Zealand Herald he had left Elders Merchant Finance in 1987. The following year documentation from a 1990s Serious Fraud Office (SFO) investigation into a failed group of companies revealed he had told investigators in 1991 that he had left Elders 1988.
He was soon telling media he simply had his dates wrong in the 2007 interview and that the date given in his statement to the SFO was correct. Our media commentators all agreed it was not a good look for a man who wanted to be Prime Minister, but they let the discrepancy go largely unchallenged.
My post “John Key did you lie to the Serious Fraud Office” asks the question they haven’t. John Key, did you lie to the Serious Fraud Office?
The question will only go away if we let it
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There once was a PM named Key
Re-elected with a majority
The left fell flat
What happened Matt?
Alas it’s voter apathy
(Image source: distractify – Stuck Cats)
This graphic from Paul Le Comte is representative of how the main media news sites often spin poll results to their audiences.
In Paul’s graphic you will see the following:
A sub – Heading: “Last voter survey before election day shows jump in National’s rating.”
& a paragraph: “Today’s poll has National on 48.2 per cent, down a little from last week when the seven-day polling is totaled.
It would be able to form a Government with its current support partners, Act, United Future and the Maori Party, assuming they are returned to Parliament.”
With the following poll results: National -0.4, Labour +1.3.
In July I’d noticed a similar thing when a drop in National’s rating and a rise in Labour’s was framed as “consolidating National’s grip on the electorate.”
The article’s headline: Labour’s poll woe deepens
I hope after tomorrow’s General Election we turn our gaze on the mainstream media and ask them what the f?
May 1991 John Key is interviewed by the Serious Fraud Office
- He is asked to corroborate the statement of an ex colleague
- This colleague has told them he could be sure of a date, 31 August 1988, because he had allegedly gone to lunch with Key that day
- They both tell investigators this lunch occurred on Key’s last day at Elders Merchant Finance
- They can remember the date because it was Key’s ‘farewell lunch’
- He was leaving Elders to go to Bankers Trust
- Key resigns Elders Merchant Finance 24 June 1988
- His last day 31 August 1988 shares a farewell lunch with a colleague
- He starts at Bankers Trust sometime after 31 August 1988
However, we’ve been told
- On first day at Bankers Trust Key was given a list of premium clients
- On that list was Andrew Krieger, based at the company’s New York branch
- Key was responsible for managing the relationship with Krieger, it was part of his job description
- Krieger’s trades helped to turn the local Bankers Trust branch into the number one dealing room in the country
Here’s where the official timeline goes wrong
- Krieger resigned from Bankers Trust New York on 23 February 1988
- His resignation is well documented, appearing in both the New York Times and Wall Street Journal at the time as well as discussed later in Krieger’s book
- Krieger quickly bores of currency trading and leaves the currency markets in June 1988; not returning to them until late 1990
- Krieger’s resignation is some six months before the date Key tells investigators is his last day at Elders; Krieger’s departure from the currency markets is two months prior
- Resigns Elders sometime between June 24–September 15 1988
- Immediately leaves the firm but is subject to ‘Gardening Leave’
- During this period he collaborates with the firms New York office in some heavy duty currency speculation
- 70% of Bankers Trusts’ currency trades were done in overseas markets, hence Key is able to carry on trading during his gardening leave
- Gardening leave ends sometime early 1988 and Key’s official start with Bankers Trust begins
If Key told SFO he started working at a company in 1988, but evidence suggests it was 1987, then he has lied to them and New Zealanders’ deserve an explanation. Read more here: John Key did you lie to the Serious Fraud Office?
Very helpful timeline from Andrea Vance for Dominion Post via Danylmc at Dim Post. Danylmc’s posts are almost always followed by insightful and interesting comments; makes his blog well worth following.
Click to view:
2008 30 October Radio New Zealand: Kathryn Ryan(Nine to Noon) interviews John Key about H-Fee a week before 2008 General Election
“Say after me, b-l-u-e – blue. Say you like blue! Say it. I’ll put you all into red zone time out..” pic.twitter.com/KIFhso2fvs