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Thread ID: 126353 2012-08-22 03:47:00 What a sad joke New Zealand justice is... ruup (1827) PC World Chat
Post ID Timestamp Content User
1296219 2012-08-23 02:30:00 Too many muppets on here who think they could run the country more like it - nothing wrong with what the Court did here, the sentence is on appeal.

Can't agree. Mr Justice Fogerty was reluctant and "Court of Appeal judge Justice Paul Heath said today he took "a pretty dim view" of Steigrad leaving the country while his appeal was being heard". I wouldn't want to be arguing his sentence appeal to an angry Court.
Winston001 (3612)
1296220 2012-08-23 02:33:00 What's the TAB paying out for $10 on he doesn't come back ??? $2.50 last time I looked ... :D SP8's (9836)
1296221 2012-08-23 03:45:00 Ah yes, justice,Like this chap got, you will be hard pressed to find a sadder case............

www.bbc.co.uk
Cicero (40)
1296222 2012-08-23 04:31:00 The 'muppets' are those people who lent money to finance companies in the first place trying to get what turned out to be greedy interest rates. Why do you think these charlatans gave themselves names like Nathans, Lombard, Hanover if it wasn't to cash in on the reputation that these names enjoyed from other sources. I still have no sympathy for people who lost money from investing for the wrong reasons. Sure, some of the finance company principals acted dishonestly, but for exactly the same reason as those who gave them the money to play with. Richard (739)
1296223 2012-08-23 05:49:00 Totally disagree with you there Richard.

At one point interest rates were up to 20 + in 87, do you suggest when interest rates are high we stop investing?
Cicero (40)
1296224 2012-08-23 05:59:00 I am sure you know very well Cic that the 20% interest rates in 1985-7 were Bank interest rates, and a result of the rampant inflation at the time. God knows what finance companies (if they existed) were offering in those days. The fact still remains that finance companies deliberately set out to beat bank interest rates to attract investors with 'strawman' security.

I remember being phoned by Blue Chip, and the guy got quite upset when I showed no respect for the company and said that I wouldn't touch them with a bargepole.

Theirs were amongst the early chickens came home to roost.
Richard (739)
1296225 2012-08-23 06:18:00 I don't think you should be penalised for greed, which you are suggesting.

Pretty basic instinct, which I think most of us are guilty of at sometime.

If it is at somebody else's expense, then off with their head.
Cicero (40)
1296226 2012-08-23 08:58:00 . . . I remember being phoned by Blue Chip, and the guy got quite upset when I showed no respect for the company and said that I wouldn't touch them with a bargepole . . .

There's quite a few people at the moment just itching to touch them up with a bargepole . . .
R2x1 (4628)
1296227 2012-08-23 09:11:00 Agreed. If its any help, some financial planners (who started life as insurance agents) have lost their businesses and become bankrupt. Plenty have been sued.

Wife's one merely changed companies, lol. Got his disclosure statement for what it's worth, rofl.

Lurking.
Lurking (218)
1296228 2012-08-23 09:37:00 When one wants Legal advice, one goes to a Lawyer.

On retirement wife went to a Finance Company Advisor, whom one would expect to have his clients' best interests in mind.

On the other hand I went to a couple of Bank Advisors.

Wife lost only interest, but my investments have lost equity.

Banks of course get big Finance Companies to do their investing.

The ANZ bottom line profit was 27 percent above last years high profit, so why can't they do the same for their investors'.

Lurking.

Ps. don't get us started on property or sharemarket investments, they have not been the best either.

lurks.
Lurking (218)
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