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Tuesday, 20 November 2018 01:34 pm

Couple launch crusade for fairer banking

Oct 12th, 2011 | By | Category: Front Page Layout, Latest News, News

A WELLINGTON couple are putting their money where their mouths are and launching a new website calling for reforms to the New Zealand banking system.

Positive Money, the brainchild of Don Richards and Sue Hamill of Newtown, pictured above, will launch next week to coincide with the upcoming election on November 26.

Ms Hamill first heard about ways to radically improve the banking system about 10 years ago and it struck a chord with her immediately.

“I feel strongly about social justice and inequality within society, especially financial inequality. I think the current banking system is a key driver of that inequality,” says Ms Hamill.

“The way banking is organised today only benefits banks and I want a fairer system that benefits all New Zealanders.”

She says their belief in what they are doing is strong.

“We have put our heart and soul and our own money into this project,” she said.

The other half of the team, Don Richards, started the website to inform people of how unsustainable the current banking structure is.

“I have campaigned for other things and been successful and I knew that it was possible, so I decided to give it a go.

“My motivation and passion comes from seeing the struggle my daughter has had to buy her own home,” he says.

Last year banks make around $2 billion in profit and they send all of that money out the country.

Mr Richards is proposing that those profits stay in New Zealand.

Positive Money officially launches on Monday October 17 at Toi Whakaari: The NZ Drama School in Newtown.

 

 

 

 

 

 

 

 

 

 

 

 

 

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