Say what you mean, and mean what you say
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Online usersPollWhat should the government do about ailing financial institutions? Nothing, except to back off and get out—as any Objectivist knows, intervention is treating the disease with the disease 85% Intervene judiciously—enough to avert a catastrophe that is otherwise imminent 4% Intervene massively—as it's doing 2% Nationalize the whole economy and be done with it. Bring on the USSA! 2% Something else (specify) 7% Total votes: 55
 Basic Economics by Thomas Sowell
 Economics In One Lesson by Henry Hazlitt
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"..that never were are parking cars and pumping gas.." Submitted by Elijah Lineberry on Tue, 2007-10-16 19:35.
When I read this in the NZ Herald this morning, I was reminded of the song "Do You Know The Way To San Jose`" by Burt Bacharach, which has a wonderful line in it "..and all the stars that never were, are parking cars and pumping gas... The article basically says the game is up for Geneva Finance...(once again you heard it here first, folks)..and I wonder how many honest, honourable borrowers Geneva Finance turned down for loans? I wonder if Geneva Finance would be standing on the edge of a cliff today had they approved those loan propositions? All the loans 'that never were' may have made Geneva Finance a successful leader in New Zealand Finance...(so to speak).
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Here
is a good example of people 'doing the right thing' regardless of how long it takes.
What a splendid chap!
I
doubt there is any connection between Geneva Finance in New Zealand and the similarly named company in Perth.
Geneva Finance in NZ was set up by Peter Francis, formerly of Chase Corporation...and that cost investors the best part of $1 Billion dollars a couple of decades back
Needless to say Mr Francis will not be doing the honourable thing and promising every investor will receive all their money back, even if it takes him 20 years to do so.
I do not know if Ronald Friedman is the brother of this other chap.
Elijah
Is Geneva Finance (NZ) under the umbrella of Geneva Finance Group?
And are there any connections to Geneva Finance in Perth who
went into receivership in 1990?
Also do you know if Ronald Friedman is the brother of Robert N. Friedman, Chief Executive Officer of Loehmann's?
Cheers