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.

Tagged:
53%
×