Cunliffe is right — Kiwiblog

The Herald reports: “Absolutely incompetent and absolutely staggering loss,” Cunliffe wrote on social media.He was responding to a Herald article about the council booking $1.4b in balance sheet losses on interest-rate derivatives in the past two years after its strategy of fixing interest cost long-term backfired when interest rates fell. …Mayor Phil Goff, who declined…

via Cunliffe is right — Kiwiblog