Tag Economy

Government Reconsiders Quick Sale of Citigroup Stake

You have quite a few creditors and you have very little money.You want to pay your biggest creditor to escape his grip on you.You decide to pay him and announce it publicly.What will happen?
Other creditors will be peeved and spread the word around.When you look for new creditors(investors), they are not to be found.
This what us individuals who have credit will think.Not giant finance companies.
Strange is the observation that Govt. should have started selling its stakes,it is akin to asking your creditor to pass on your credit to him to somebody else .
Juxtapose this with cooking books in US and Abu Dhabi.

Did Icelandic Bank Swindle UK Customers?

This is daily phenomenon India.Of course not Banks, all the time, but on a regular basis by Non Banking finance companies(what a name?).
People have lost millions and continue to invest either in the same company in a new name or a new company offering the same services(?)
Border line companies are international Banks offering credit cards and facilities with a fine print.Difference is they operate on the thin line between usury and loan sharking; in many a case out right cheating.
So long as gullible and greedy people are around these scamsters will thrive.