http://www.stuff.co.nz/4629950a11.html
After reading this on stuff just now it got me thinking can KB help this mother in anyway. As she is out west auckland in fact do any KBer's that way know this family
Weekend cruiser
http://www.stuff.co.nz/4629950a11.html
After reading this on stuff just now it got me thinking can KB help this mother in anyway. As she is out west auckland in fact do any KBer's that way know this family
Whip it, whip it good!
Unbelieveable
I just read this article and this really got me angry...
"She re-invested it for another 30 days just last week, assured by a staff member that her son's money would be safe."
Surely this is grounds to take police action for fraud against the company? Patently the money was not going to be safe one week prior to the company freezing their assets. Directors are accountable for continuing to trade recklessly.
Originally Posted by Gubb
Po ta toes
That's really sad, but I can imagine there are hundreds of stories similar to this one out there.
.....your time is coming
You hit the nail on the head Mrs K. Sadly we cannot help everyone...
Come warm yourself by the fire
Yep sorry but this is one of those - bad choices things.
the money didn't have to go to a finance company, and when things looked shaky with Hanover 3 months ago they should have pulled out.
I do feel for all those affected, even my nana and father have lost due to Hanover - but these are people who preached to me to watch my money etc. So it is hard to see them not taking their own advice.
If you cant trust a "finance" company when you take a loan why the hell would you give them your money????
Reactor Online. Sensors Online. Weapons Online. All Systems Nominal.
Forum whore
Ahhhmmmm yes they are. But good luck getting at Watson and Hotchins assets and money even if the SFO was to get involved. Its called hiding behind trusts.
I have no sympathy for anyone that has now lost money having invested in a finance company. Hells there been enough warnings over the last two years and I am sure there will be 100's of hard luck stories emerge over the next few days and weeks.....
Weapons of Mass Acceleration
Sure is - thousands of them with many finance companies, and the sad thing is this has happened before and people all too easily forgot what happened with higher risk investments last time. It will happen again too no doubt.
The reward offered was always out of whack with the risks involved. Debenture stock is about as effective as a cat flap in an elephant enclosure, esecially when it is most needed.
Po ta toes
Indeed. I'm sorry but this kind of thing has been all over the news in the last month or so, the warning signs have been there, and things don't look like that they'll get any better anytime soon, I think it's time for a bit of self-preservation and belt tightening to be honest *off to the bank to withdraw all my money and put it under my mattress* (all $10 of it).
Forum whore
I know where TEN BUCKS IS!!!!!
<<----- My dream bike.
well that kid gets my sympathy that's for sure.........
Cats land on their feet. Toast lands jamside down.
A cat glued to some jam toast will hover in quantum indecision
Curiosity was framed; ignorance killed the cat
Fix a computer and it'll break tomorrow.
Teach its owner to fix it and it'll break in some way you've never seen before.
Forum whore
She's a hard lady that MadDuck
One, two free, floor!
...talk talk talk.... sure we can't help them all - but we can start with one.
I have $50 right here with that little man's name on it. Care to join me? I'll open an account for him when it hits $500 in promises. PM me.
$2,000 cash if you find a buyer for my house, kumeuhouseforsale@straightshooters.co.nz for details
Forum whore
Would love to say I was with you on this but I got just enough to take care of the little boy I've got at home (and the big one)
...and neither is cheap to run!!! DAMMIT!
<<----- My dream bike.
organise some sort of ride - everyone can bring what they can afford, and i'll pitch in $10, it's not much but on my salary it's like a million dollars....we can't help everyone but where we can we should.
Cats land on their feet. Toast lands jamside down.
A cat glued to some jam toast will hover in quantum indecision
Curiosity was framed; ignorance killed the cat
Fix a computer and it'll break tomorrow.
Teach its owner to fix it and it'll break in some way you've never seen before.
Homo Sapiens Vulgaris
Hmmm, I think the perspective is screwed... He beat leukemia - that ought to be the headlines instead.
As for investing in finance companies during a recession:
It is preferential to refrain from the utilisation of grandiose verbiage in the circumstance that your intellectualisation can be expressed using comparatively simplistic lexicological entities. (...such as the word fuck.)
Remember your humanity, and forget the rest. - Joseph Rotblat
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