Hard News: Debacles and Disgraces
89 Responses
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On boats, surely it's a question of disclosure. If the shareholders/depositors in a company invest in the knowledge that the directors are buying ponies, yachts and private jets, then that's their lookout.
If the purchases are disguised, then it's either illegal or should be so.
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Sorry to think your Mum got sucked in by these swine Russell, the ads were very persuasive
I should emphasise that she's not greatly in the hole with Hanover, but a lot of her peers are. It's going to make managing retirement villages an unhappy task if a quarter or more of the residents have nest eggs in danger.
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It's going to make managing retirement villages an unhappy task if a quarter or more of the residents have net eggs in danger.
New Zealander's have lost about 1.5 billion dollars to the finance companies in the last year. It represents a fairly large chunk of the retirement savings of middle income New Zealand.
People like Bruce Shepherd have been railing against the stupidity of these investors, which is a little harsh. I think people assumed that there were laws in place that protected them from simply having their money stolen from them by their financial agents. People should have been more prudent, but Hanover was a respected company before Hotchin and Watson took over, and they were very clever about targeting retirement communities and the elderly demographic in general, using Richard Long and their gardening packages full of flower bulbs to sell the brand.
Both of the major political parties have been pretty quiet about this, National because it represents a spectacular failure of the free market, Labour because it happened under their watch.
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Also we weren't supposed to warn people that the companies might collapse, because that would have caused a loss of confidence, and then they could have collapsed.
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Also we weren't supposed to warn people that the companies might collapse, because that would have caused a loss of confidence, and then they could have collapsed.
The economy is just a big pyramid scheme, isn't it? You've all been trying to keep this revelation from me with smoke and mirrors, but I think I finally understand.
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3410,
"If I make an original track in Ableton, then the WAV/Flac export is the definitive version"
You're right, RoO; just looked it up and apparently Flac can handle up to 32 bits per sample, up to 1,048 Khz sampling rate, and up to 8 channels, which is to say (by my rough calculations) about 400 times as much as CD audio.
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I think people assumed that there were laws in place that protected them from simply having their money stolen from them by their financial agents.
I'd support that law being passed. Under urgency, or otherwise.
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Hanover was a respected company before Hotchin and Watson took over
Top tip. When a financial institution copies the name of a (former) much larger, established bank, they're up to dodginess.
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I think people assumed that there were laws in place that protected them from simply having their money stolen from them by their financial agents.
I'd support that law being passed. Under urgency, or otherwise.
I don't know if it passed under urgency, but fraud and theft by a trustee are already covered by the Crimes Act. So, voila, your wish is granted.
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You're right, RoO; just looked it up and apparently Flac can handle up to 32 bits per sample, up to 1,048 Khz sampling rate, and up to 8 channels, which is to say (by my rough calculations) about 400 times as much as CD audio.
then you can sell it on itunes at 256k
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Hanover was a respected company before Hotchin and Watson took over
My son thought that the weather updates on TV were sponsored by Handover Finance. He was on to something back then, but we didn't know it!
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Handover Finance.
Nice. Hand over fist I'd say.
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And well after the horse has bolted, Jane Plane Diplock finally gets it.
Forgive me Jane, but please just f**k off? You've caused enough trouble as it is already.
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So each mum and dad investor has to cross a lawyer's palm with sliver to get advice and then take the chance that the company directors haven't hidden their ill-gotten gains somewhere unreachable? Gee, I wonder why people invest in houses rather than our wild west markets.
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