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Kiwirail worthless, ACC broke

Posted in News March 5, 2009 - 09:16am, Bernard Hickey

Bernard Hickey details the key news overnight, including the parlous state of the finances at KiwiRail and ACC, and the surprise drop in GDP in Australia.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments. Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making these comments.

by PhilBest | 05 Mar 09, 11:15am

It seems to me that

It seems to me that Finance Ministers and Cabinet Ministers need to be kept on the straight and narrow by the threat of prosecution for this sort of thing, especially where there has been fraudulent concealment of liabilities and the true state of finances, from the public.

by neven911 | 05 Mar 09, 11:58am

Phil Whaddya mean Maryann and

Phil

Whaddya mean Maryann and Michael were vindicated by the report! Everytime I see Cullens smug little weasel face on the TV I want to hit something

Neven

by KevOB | 05 Mar 09, 12:38pm

Cullen was the responsible Minister

Cullen was the responsible Minister and Street also had knowledge. He cannot hide behind Treasury's skirts. He should be charged with his breach of his duty to report fully and truthfully.

by Grumpyoldtrout | 05 Mar 09, 4:00pm

Im worried about the two

Im worried about the two physios who borrowed 650k. ( discussed last week ).