SCF: The case for putting it down


David Hillary takes a hard look at SCF and the case or non-case for a bailout.

He comes to the conclusion that there is no rational reason to bail SCF out.

Rather than précis David’s very lucid post, read it in full. The time taken is well worth it.

As David concludes his eloquent post:-

Come on John Key and Bill English and Treasury boffins: be brave, do what’s right and clean this fiasco up without any further delay!

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