Fincorp and Westpoint were high risk ventures where the regulator failed to check teir conduct prior to an avoidable crash.
MFS a predator lender that lends to companies in such a way as to in some instances according to reports and allegations, it precipitates crashes and then gobbles up their borrowers has refused to answer queries put to them and to Perpetual who work in conjunction with them.
The queries have been about their financial stability. If these companies are so stable and beyond reproach why is the corporate regulator and prudential regulator not reinforcing the financial position of such companies in the wake of another disaster or are they too ignorant to know how and where to look?
Anyone with information call the AFR or post here. The company will not respond and refuses to cooperate. As for being a shareholder they ask for us to write.
Disappointing
fincorp now mfs
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