%3Cbody%20style%3D%22margin%3A0%22%3E%3Cdiv%20id%3D%22adDiv%22%3E%3Cdiv%20style%3D%22display%3Anone%3B%22%3EIXXXXXX%3C/div%3E%0D%0A%3Cdiv%20style%3D%22display%3Anone%3B%22%3ECCID%3A%2027449%20%7C%20adwidth%3D300%20%3C/div%3E%0D%0A%3Cscript%20type%3D%22text/javascript%22%3E%0D%0Agoogle_ad_client%20%3D%20%22pub-5276995754775409%22%3B%0D%0Agoogle_ad_slot%20%3D%20%223114031761%22%3B%0D%0Agoogle_ad_width%20%3D%20300%3B%0D%0Agoogle_ad_height%20%3D%20250%3B%0D%0Agoogle_page_url%20%3D%20%27http%3A//www.nzherald.co.nz/nz-business-roundtable/news/article.cfm%3Fo_id%3D385%26objectid%3D10533385%27%3B%0D%0A%3C/script%3E%0D%0A%3Cscript%20type%3D%22text/javascript%22%0D%0Asrc%3D%22http%3A//pagead2.googlesyndication.com/pagead/show_ads.js%22%3E%0D%0A%3C/script%3E%0D%0A%0D%0A%0D%0A%0D%0A%0D%0A%0D%0A%0D%0A%0D%0A%0D%0A%3C/div%3E
Not when the corpses of the free market profiteers lie around us, and the once all-powerful Masters of the Universe, those financial geniuses to whom an awe-struck world genuflected, have had to be put on taxpayer-funded life support.
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FOMA members keen on state assets
The chief executive of the Federation of Maori Authorities says FOMA members are keen to buy state assets if and when the government puts them up for sale.
Finance Minister Bill English has indicated that while the government intends to stick to its promise of no state asset sales this term, it's looking to privatise businesses like Kiwibank if it's reelected.
Ron Mark says FOMA members have come through the recession well, and see investment in state assets as a way to diversify from their agricultural base.
“There are many of our members who are sitting on cash reserves, who have very high levels of equity, very low levels of debt and they will be able to swiftly lever themselves into these opportunities of the due diligence stacks up,” he says.
Federation members would be particularly interested in water, utilities, transport, banking, construction and energy assets.
Anyone remember the June 1988 Budget, when Labour announced a comprehensive programme of privatisation. $20 billion would be raised by 1992.
State asset sales under Labour:
Telecom
State Insurance
BNZ
Post Bank
Air New Zealand
Tourist Hotel Corporation
New Zealand Steel
Petrocorp
Government Printing Office
Development Finance Coorporation
National Film Unit
Rural Banking and Finance Corporation
Shipping Corporation
New Zealand Liquid Fuel Investment
Maui Gas
SynFuels
Forest Corp + two generations of cutting rights
the unconditional sale of NZ Rail
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