David Farrar: The Government is a terrible bank

The Herald reports:

The Government’s flagship regional development body has more than half of its loan book flagged as at risk after recording a surge in impairment write-offs over the past year.

Crown Regional Holdings (CRH) warehouses government regional development initiatives and manages hundreds of millions of dollars in loan and equity funding provided to businesses.

Point of Order: Buzz from the Beehive - 1/7/24

Roll up, oinkers – Shane Jones is calling hogs to a new trough, not as rich as the PGF, true, but a $1.2bn swill must be tempting

When it has been filled with a swill funded by taxpayers and invitations have been issued to various organisations to come and slurp, it’s fair to suppose it is a trough. This likelihood is increased significantly when we learn the invitation to come and slurp is issued by Shane Jones.