Where are the YE Accounts
While we ponder the impact of a receivership - we were also told the Final YE accounts would be released today. Is there still an obligation for this to happen now receivers are called in - or does all the red ink in the accounts get buried never to see the light of day?
Appears the moral hazard was good and well even in the temporary scheme.
Risky Loans Followed Guarantee
South Canterbury Finance ramped up its risky real estate loans after it signed up to the Government's scheme that protected its investors' money, the company's chief executive Sandy Maier said last night.
See the full article here...
http://www.nzherald.co.nz/business/n...ectid=10670285