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| Thread ID: 112295 | 2010-08-31 05:26:00 | South Canterbury Finance | ruup (1827) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1133351 | 2010-08-31 05:26:00 | So how much is this going to cost the each tax payer? and what returns can we expect? ruup :mad: |
ruup (1827) | ||
| 1133352 | 2010-08-31 05:47:00 | $400 per person less any recoveries, talking about net $6mil = $150 per person. | Arnie (6624) | ||
| 1133353 | 2010-08-31 05:52:00 | $1.6 billion divided by population of NZ 4 million = $4,000 Quite a number of the population do not pay taxes anyway as they are at school or less than school age and therefore are not expected to work. Then there are others who are on a benefit but do pay taxes on that. Don't expect a return on the taxpayers investment. |
Snorkbox (15764) | ||
| 1133354 | 2010-08-31 06:15:00 | Right cock oop. | Cicero (40) | ||
| 1133355 | 2010-08-31 06:19:00 | Dunno why they have this gaurantee scheme at all. It's stupid. Someone said if I went to a casino can I sign up :groan: Why put money in a bank if I can take on more risk to an extent and still be eligible for the protection. I have everything to gain and nothing to lose. | Nomad (952) | ||
| 1133356 | 2010-08-31 06:32:00 | SCF announcement "good news" An Allan Hubbard supporter has told Newstalk ZB this morning's announcement about South Canterbury Finance should be good news 31 August 2010 An Allan Hubbard supporter has told Newstalk ZB they have been told the announcement this morning on South Canterbury Finance will be good news. Albert Makary - a consultant obstetrician gynaecologist in Timaru - is a longtime supporter and friend of the Hubbards. "I saw Mr Hubbard this morning and he said basically - that hopefully it will be good news." The boss of South Canterbury Finance says the company only has itself to blame for its financial woes. It's about to make an announcement on its future. The company has until the end of the day to find an investor or face receivership. Chief executive Sandy Maier says the company has gone off the rails over the years and then it got caught up in the global financial crisis. GOOD NEWS!! ************************************************** **** So are there a lot of Board members and CEO's looking for new jobs this afternoon? And where is Mr English going to borrow the money from? and at what cost? |
ruup (1827) | ||
| 1133357 | 2010-08-31 06:34:00 | $1.6 billion divided by population of NZ 4 million = $4,000 Quite a number of the population do not pay taxes anyway as they are at school or less than school age and therefore are not expected to work. Then there are others who are on a benefit but do pay taxes on that. Don't expect a return on the taxpayers investment. Its not going to be 1.6b, thats the mainstream media sensationalising. The Government will re-coup probably close to half of that. Still a huge cost, but not doing it would cost the economy a ton more. |
Battleneter2 (9361) | ||
| 1133358 | 2010-08-31 07:40:00 | Unfortunately this is the best outcome possible - bailing it out would have simply put off the inevitable, and at least this gives certainty to everyone (including the taxpayer). | somebody (208) | ||
| 1133359 | 2010-08-31 07:44:00 | In honour of the fact that it is a peculiarly SI kerfuffle, I trust that Cicero, his heirs and assigns, and their neighbours are going to pay triple tax rates for the next 50 decades or so. ;) |
R2x1 (4628) | ||
| 1133360 | 2010-08-31 08:14:00 | Quote from RUPP SCF announcement "good news" An Allan Hubbard supporter has told Newstalk ZB this morning's announcement about South Canterbury Finance should be good news 31 August 2010 An Allan Hubbard supporter has told Newstalk ZB they have been told the announcement this morning on South Canterbury Finance will be good news. Albert Makary - a consultant obstetrician gynaecologist in Timaru - is a longtime supporter and friend of the Hubbards. "I saw Mr Hubbard this morning and he said basically - that hopefully it will be good news." Yes I heard that this morning. Shows how out of touch Mr Hubbard was. As if some one was going to buy it on the last day and lose 1 billion the next day ! Sandy Maeir said on the radio tonight that Mr Hubbard put some of his own money into SCF earlier this year to prop it up. And he said that he made many loans of doubtful quality (probably just trying to help people) Its all very sad. |
Digby (677) | ||
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