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Random Impertinent Question – South Canterbury Finance

by Whaleoil on November 24, 2010

Here are some random impertinent questions to be asked about South Canterbury Finance.

Does SCF own Show Girls?
Does SCF own a café in Tehran?
Does SCF own a site in the Chatham Islands that is marked down for a high rise development?

The answer, unbelievably, to all of those questions is Yes.

No doubt the Hubbard cult members will all point to the huge amount of benefit to Timaru that CF brought in by owning that cafe in Tehran.

Remind me again why these pricks got bailed out by the government? Any decent securities lawyer could have held up the guarantee for months while all this nonsense was revealed, but not our treasury officials who just couldn’t wait to write the big fat bail-out cheque.

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  • animalmother

    Let’s give them the benefit of the doubt, and assume they misread Chatham as Manhattan. Doen’t seem quite so incompetent then.

  • cadwallader

    A number of allegedly competent advisers around Canterbury and Timaru rode Hubbard’s back based on false premises and a naive belief that they were competent to make business decisions beyond their abilities. Blow-flies really!