I think the point is that it is all fine until is is not fine and at that point anything goes. I don't see much that inspire me to think that just because it is illegal, unethical and immoral that anything is beyond these crooks.
When you are a minority share holder in a public or private company you have no control you are just a passanger with no access to a hand break. At least with with the property market you have some modicum of control. In the good ole days with shares before CHESS was introduced you had share scripts which at least when they tanked provided you with a bit of paper to catch your tears or to wipe yourself when you heard the bad news. Now with chess all you have is an electronic whoopie cushion. :lol: Kind Regards non recourse
You still get a piece of paper - it's just called a chess statement not a share script. And in fact it's A4 size so you get more paper than the old A5ish size share scripts (although some of the really old share scripts were bigger than A4). malachii
That is comforting to know that all those share "traders" have something to wipe themselves with at the moment Can't help having a dig at the property haters.... not you mal Kind Regards non recourse
So my guess is that nonrecourse wishes we were back in Feudal times. Hey big property owner, i'll trade you two groundskeepers for a beekeeper. But don't write the contract in a worthless parchment.
No I like the time we are in. In Feudal times the kings tax collectors just took what they wanted. If you were too smart for the kings men they just drew and quartered you with draft horses. Kind Regards non recourse
Oh for the good old days!!! Ifof course you were the King. http://www.youtube.com/watch?feature=player_detailpage&v=9z6zEHG_qQU Mel Brookes had it right
It's not just the big 4 these holding companies are majority shareholders of. So far I've found: - ASX Group - AMP - ANZ - Bank Of Melbourne (through Westpac) - Bendigo bank - Colonial First State - The Commonwealth Bank - NAB - St George (through Westpac) - Westpac - Alumina - BHP Bulliton - Rio Tinto - Gunns - Beach Energy - Santos - Telstra - AGL - Origin Energy - Coles - Wesfarmers (Woolworths) - Myer - Billabong - Fosters Group - Carlton United Breweries (through Fosters) - Qantas - Jetstar (through Qantas) - Asciano - Fairfax - Amcor - Brambles - Downer group - Onesteel - Bluescope Steel Interestingly enough, this anomaly doesn't occur in any of the other countries I've looked at. Suss???
I've thought for a long time that Oz is done deal for the PTB. After all what better place to be King if the Northern Hemisphere becomes uninhabitable throught politics or calamity. We have enough population for a feudal kingdom or four, and are self sufficient in a lot of things that matter. But I do have a very paranoid baseline.
Futures Brokerage PFG Best Freezes Accounts Following Discovery Of Accounting Irregularity http://www.zerohedge.com/news/futur...s-following-discovery-accounting-irregularity Fox hens :|
No they won't renege. However it may take 2-10 years to get your deposit back. My guess is if the deposit guarantee was ever needed, they would quickly give depositors a token amount, then make them wait years for the rest. By the time you got it back inflation would have taken a lot of it.
Exactly! JP Morgan are the Custodian for much of the retirement savings of Australian managed superannuation funds. So, which Bank do MFG, PFG ... ANZ, CBA, NAB and Westpac all have in common? I want a super fund balanced for 50% high growth, 40% Balanced and 10% Preserved, please. Is that protected from VAPORIZATION? :lol: