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Tuesday, August 19, 2008

When i was a lender at FAI, my GM would often gave a cynical comment to Broadlands finance as they write 3rd tier loans, loans that we reject, and she would often predict its fall during the financial crunch experienced since last year.

However, i just read on Chrislee.co.nz - financial anaylst website that Broadlands finance has made a whooping $1.2 mil or $12 mil (either or.. could not remember exactly) and Hanover (parent of FAI) has declared a freeze on withdrawals of principal and interest and investments (moratorium) to prevent going into liquidation.

Sighz.. retribution lah! always laugh at people, but now they make profit and Hanover make headlines....


What an irony!

This ended @ 9:50 PM