Met a nice guy last night. He was teaching a dance class. Young, tall, good looking IT guy. Invested ALL His money with a bank funds management. ING Bank. Had £300,000 pounds by 27 yrs of age. Hadnt bought a thing. ING went bust. Sold the "Bad assetts" to another Bank -might have been Westpac. Anyway He got paid out £1,500 pounds.
ING withdrew from investing in NZ after selling the Bad Assetts.
Funny thing that...selling someone elses savings that Youve apparently lost 99.5% value of...for a profit...to another bank.
Apparently releases You from all legal responsibilities.
Banks!!You can trust them!! Theyre like Company Directors-they have Your best interests at the Core of their being..
Share holder apathy.....share holders dont have any voice or power without centralising it...Thats Why Unions are strong and Why Governments in Australia and France want to smash them apart. To increase the wealth of the CEO's and Owners. Not the workers creating the wealth.
@Chopsholio Less Activist Majorities can always get together and vote as well. Its called activism...as opposed to apathy.
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