USA crisis mirrors New Zealand

Killing the bail out in the USA has bought reaction from EUFAs members. Frustration for EUFA members comes as NZ Politicians label investors as “greedy”.

In the USA the Politicians are addressing the real culprits, the Directors, shareholders and their cronies. American Politicians are pointing the finger at the perpetrators, not the investors who trusted the process.

Since January when the EUFA Recovery Road show began, EUFA finance spokesman, Gray Eatwell challenged the hierarchy as has now happened in the USA.

The corporate greed and mismanagement has caused the Finance Company Collapses and ongoing troubles. Dividends, salaries, bonuses and interparty related loans have been the recipe for New Zealand’s disaster.

EUFA Coordinator, Suzanne Edmonds said from Tauranga this evening “The USA news strengthens everything we have been saying, about directors and shareholders of finance Companies.

Investors have been snubbed in New Zealand.