spotted this on page 2 of this thread...
"Finance companies have come out fighting after one of the country's largest fund managers warned their debentures were "seductive" and posed unnecessary risk to small investors.
Yesterday, many labelled the comments by ASB Group Investments "sour grapes".
Elders Finance and Hanover Group executive chairman Mark Hotchin said the comments "smacked of desperation" as fund managers were losing money and market share to finance companies.
"And so they should be because the returns are better and they are safer."
He was angry finance company debentures had been called "seductive".
"It's seductive because it's real. You're the first cab off the rank so you get paid first."
Gotta love it, hindsight and all LOL