State-owned Kiwibank has taken a controlling stake in New Zealand Home Loans for an expected price of $8 million in a bid to grab a bigger market share.
So now we see the real reason kiwibank needed a futher $20m of our money injected.
Of course we can now see Labour's way forward to their Socialist 'utopia'. Gouge the private citizens of their hard earned money - then use it to buy all the companies on the stock exchange until everything is state owned again...
(So far we have an airline, a bank, a loans company... )