Wednesday, January 9, 2008

More investment scheme news

The post-Cabinet briefing on the report regarding the alternative investment schemes was yesterday and so I expected today's papers to be reporting on the story, but there was more as well:

Gov't to tighten control over unregistered investment clubs - Jamaica Observer

Government walks fine line - Cabinet throws support behind FSC - Leaves room for legal operation of investment schemes in Jamaica - Jamaica Gleaner

Cash Plus clients feel the pinch
- I have to ask what sensible person would put up their car as collateral and to get a loan to put in Cash Plus? Or take out a loan from a bank to do the same?

You are supposed to only risk what you can afford to lose! Why do people believe that it is financially wise to borrow money to put in something that has no real operating history? It's not even wise to put that money in something WITH a history.

Higgins Warner flouts court order to repay investor - I hope people are learning their lessons. How can you not have gotten ANY interest since June 2005? Who is the "prominent Kingston businessman" who supposedly bounced that cheque?

Well, this is the real soap opera in Jamaica right now so let's stay tuned because I know I am hooked.

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