Early Edition with Kate Hawkesby

Keeping Kiwibank New Zealand publicly owned has been dubbed a political move. The Government has announced its intent to purchase 100 percent of Kiwibank for $2.1 billion. Massey University banking expert David Tripe told Kate Hawkesby the purchase is a risk. He says many of the state owned banks around the world have been financial failures. LISTEN ABOVESee omnystudio.com/listener for privacy information.