Another Finance Company bites it

Panic behind scenes despite LDC claims – 05 Sep 2007 – NZ Herald: New Zealand Business and Personal Finance News

Just days after telling the Securities Commission that it was in sound financial health, LDC Finance and their trustees called in the receivers.

It seems that there was a run on investors wanting their money back that caused the company to collapse.

Watch this happen to other finance companies as fear and panic sets in.

Powered by ScribeFire.

Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to daily sudoku?
  • Access to daily code cracker?
  • Access to Incite Politics magazine articles?
  • Access to podcasts?
  • Access to political polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.