Originally Posted by
Xerof
Percy, when we were getting thrashed by the queen street farmers yesterday, I was waiting for you to raise the issue of the security that HNZ take over these (I'll whisper it) cow loans. Not only do they have security over the 'asset', but they also require a guarantor, GSA I would guess, whose assets would be picked over in the event of default. You know, like the Dads who risk life and limb as guarantors for son's car with the lowered door handles, and no suspension. Sounds like good smart niche banking practise to me. Anyway, seeing you didn't enter stage right with that killer blow, I thought I would mention it myself