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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (29477)	2/14/2008 7:59:08 PM
From: Maurice Winn	Respond to of 217550

Hmm, that does seem like good advice. Another tranche of aging and now poor Kiwis have lost their money in high-yielding finance companies which had apparently even offered lower interest rates to make themselves look more credit worthy. So the finance companies had the happy position of increasing their profit margin, increasing their borrowing ability from naive creditors and now leaving their creditors empty handed while they walk away with years of profits and bonuses. I used to get their advertising and while tempted, couldn't be bothered digging through their financial reports to look for the problems which I was sure would exist, and turned out to exist. My money sat in very boring and low-paying bank deposits. Even that doesn't look safe enough as I am an unsecured creditor to various financial institutions which might or might not be managing their affairs well. Even if they are, their counter parties might not be, so appearances might be good, but reality might not. Mqurice