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taxpayer bailout

The good, the bad and the ugly – NBR's plays of the week

NBR staff | Friday September 03, 2010 | 10 comments

Chance for a fresh start
It’s hard to find any positives to come from South Canterbury Finance being put into receivership this week but at least the ailing company has been put out of its misery.

And while taxpayers across the country can feel rightly aggrieved at bailing out South Canterbury’s investors, the government arguably picked the least bad option.