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Speaker 1: News talks will be Bery Soper, senior political correspondents with us.

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Speaker 2: Hey, Barry, good afternoon.

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Speaker 1: Right, a big night tonight for Shane Jones. He's got

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Speaker 1: his White Tangy party.

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Speaker 2: Yeah, I should be there rather than here, should be right.

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Speaker 2: And I've never been to Shane Jones Whitey, But no

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Speaker 2: I haven't. I know you? Have you a regular? No?

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Speaker 1: I know? I actually I've been. No, I haven't, haven't

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Speaker 1: you No, I've been to many parties up north.

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Speaker 2: They renowned in the North. Yea, his parties. Seafood is

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Speaker 2: on display and there's munched its way through and plenty

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Speaker 2: of grog, plenty of It's a great start. I've been

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Speaker 2: told to White Tangy week and only Shane Jones. He's

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Speaker 2: expecting four hundred and fifty people there tonight.

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Speaker 1: Goodness me. Now more important issues Shane's and staying with

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Speaker 1: Shane Jones, because he's talking about with the banks and

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Speaker 1: the fact that they're not lending to some farmers and

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Speaker 1: to some big oil and even petrol station.

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Speaker 2: Well, he's talking about banks essentially being dictator, dictating their.

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Speaker 1: Social pecking and jee requirements.

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Speaker 2: Yeah, you'll be aware the country's trading banks are at

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Speaker 2: the moment before a Parliamentary select committee. They're looking at

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Speaker 2: the competitive nature of them, but it looks as though

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Speaker 2: in my view, and you'll hear Chris Luckson shortly, they

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Speaker 2: are attempting or they're thinking about going further and that's

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Speaker 2: telling banks who they should be lending to. Internationally, there

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Speaker 2: are governments that do dictate that to banks in the

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Speaker 2: public interest, like mining that we're now going down that

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Speaker 2: track again. The ben Z they've pulled back from that,

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Speaker 2: saying that I want to have anything to do with mining,

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Speaker 2: and similarly with service stations. They don't want to be

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Speaker 2: lending to be building service stations in the provinces because

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Speaker 2: they say it's a credit risk. Well, with Mike Hosking

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Speaker 2: this morning, i'd know whether you heard Chris luckson on

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Speaker 2: he wasn't mincing his word about the banks, indicating there

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Speaker 2: could be a law on the way to make them

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Speaker 2: toe the line when it comes to financing stuff in

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Speaker 2: New Zealand's best interest. Now, the b and Z, like

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Speaker 2: I said, was has turned its back on financing coal

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Speaker 2: mines and service station here's the Prime Minister a.

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Speaker 3: Listen, it's utterly unacceptable, utterly unacceptable and that's what we've

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Speaker 3: got to change, and we've made it very clear in

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Speaker 3: our comments and I hope the bank CEOs are noticing

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Speaker 3: our language, which is you've got to finance things that

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Speaker 3: Kiwis need and not financing service stations or coal companies.

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Speaker 3: Those are things that New Zealand needs. And so whether

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Speaker 3: it's been the Benz on service stations or any of

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Speaker 3: the other banks, their job is not politically posturing. Their

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Speaker 3: job is to finance the things that Kiwis need. They

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Speaker 3: don't want this political posturing going on BNZ. You know

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Speaker 3: they want to not fund service stations in provincial New

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Speaker 3: Zealand for example. Well, we've got two to three percent

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Speaker 3: electric vehicle penetration at the moment. It ain't going to

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Speaker 3: change in a hurry. And frankly that's not their decision.

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Speaker 2: Well, in fact, it is their decision. It is a

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Speaker 2: standalone business totally. And I thought of an analogy that.

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Speaker 1: Passes me off this Well, no.

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Speaker 2: No, me too. But Chris Luxon think about it as

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Speaker 2: the former CEO of the in New Zealand if he

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Speaker 2: was told by the government, and the government would have

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Speaker 2: more right to it tally in New Zealand, given they

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Speaker 2: own more than fifty percent of the airline, saying that

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Speaker 2: you've got to fly that route even though it maybe

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Speaker 2: not be financially viable. Now you could say that with

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Speaker 2: Kiwi Bank, maybe they should turn their attention on Kiwi

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Speaker 2: Bank and say, listen, you have the best interests of

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Speaker 2: New Zealand, you have to But with these big trading banks. Now,

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Speaker 2: I'm no defender of banks. They make massive profits on

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Speaker 2: the back of high interest rates for mortgage holders in

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Speaker 2: New Zealand. Nevertheless, it's not the government's job to involve

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Speaker 2: it in private business with you.

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Speaker 1: And it runs, it runs rough shot over every argument

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Speaker 1: he has made about labor over regulating banks, and that's

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Speaker 1: part of the reason why we're being charged so much

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Speaker 1: and part of the reason why we need this inquiry.

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Speaker 1: To then turn around and say, what I'm going to

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Speaker 1: do is regulate what they can and who they can

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Speaker 1: and can't lend to.

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Speaker 2: You can't do it, well, you know Gloria Vale. Let's

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Speaker 2: just think about Gloria Vale. Yeah, there was you know,

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Speaker 2: they topped the B and Z to court, yes, because

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Speaker 2: of the slave labor claims about it, and they lost.

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Speaker 2: The B and Z won the case, and that let

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Speaker 2: that be a warning to the government.

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Speaker 1: They can do what they like. And also one one

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Speaker 1: man's Gloria Vale is another man's dildo shop. Remember that.

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Speaker 1: Remember they wouldn't let's sell to the six shops. Hey,

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Speaker 1: we probably got time for very quickly. This opinion poll.

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Speaker 1: It's got Labor ahead and it's got the left forming

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Speaker 1: a government.

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Speaker 2: Well, it's incredible, isn't it?

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Speaker 3: You know?

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Speaker 2: On your head? Be it. If that's the way you

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Speaker 2: want the country to be run with the Labor Party,

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Speaker 2: the Greens and the Maldi Party, good luck to you,

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Speaker 2: because I tell you what, there'll be a lot of

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Speaker 2: people flooding out of the country and heading off overseas

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Speaker 2: if that's the case. But that's the tall but Mills Pole.

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Speaker 2: They are the internal polsters for the Labor Party. But

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Speaker 2: they've put Labor ahead and they've put Chris Luxen behind

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Speaker 2: Chris Sipkins. So who knows what the public are thinking? Fickle,

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Speaker 2: that's what I say.

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Speaker 1: Barry Soper News Talks, they'd be senior political correspondent. Great

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Speaker 1: to see you as always.

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Speaker 2: For more from Hither Duplessy Allen Drive.

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