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Saturday, 27 August 2011

Oh noes! Maori might buy into SOEs!

Alf Grumble, allegedly a satirical blog, complains bitterly that floating state assets might just mean that Maori are able to buy into them. Radio New Zealand reported earlier this week that a pan-tribal group, the Iwi Chairs Forum, has decided to pool their resources to buy shares in Air NZ and the power companies which National plans to float following the election.

According to Alf, this is a bad thing - largely due to the involvement of Tukurangi Morgan. Morgan famously purchased $89 underwear with money from the Aotearoa Television network. Apparently this makes him incapable of running any business, ever. I for one can't see what the problem is with Maori owning these SOEs.