AGO 0.00% 4.5¢ atlas iron limited

ago - $2, page-48

  1. 9,854 Posts.
    lightbulb Created with Sketch. 980
    Legume, the loan to your sisters friends is not impaired if the value of the property exceeds the value of the loan. The property will more than likely sold and the bank will retrieve all their money plus penalty interest on default interest rates plus plenty of fees thrown in.

    That is a very profitable transaction for the bank.

    Bank wins again.
 
watchlist Created with Sketch. Add AGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.