Down they go

10th finance company goes under – 05 Oct 2007 – NZ Herald: New Zealand Business and Personal Finance News

A 10th Finance compnay has gone down the gurgler with more sure to follow. This financial disaster is only going to grow as investors seek to get their money out. Even the most sound will teeter.

Clegg & Co is a smaller one but has gone down owing $15 million and investors in Five Star Consumer Finance have found out this week that they should expect 26c – 40c on the dollar. They'll get the lower number, they always do.

If the rumours are true another will drop very shortly.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.