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    X-coll is not good

    Bump; What's up Dazz?
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    X-coll is not good

    Private Post for Daz Dazz You have mail:confused:
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    X-coll is not good

    The glare of reality sometimes is painful Piston this is a brilliant post. When you have been on a roll like Dazz has it is sometimes difficult to stand back and look where the other side is coming from. The banks are in the business of lending money to people who don't need it full stop...
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    X-coll is not good

    Hi Winston; What your saying is not melodraumatic at all I believe we are entering a soft depression namely finance for small to meduim businesses will dry up. These businesses are the major employers. What we have is a labour government hell bent on knobbling business with this fairy tale...
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    X-coll is not good

    Bandits dressed up as investment Guru's Hi Winston I had a belly laugh on this part of the link you supplied An active trader pointed us to this very familiar looking off-balance sheet shenanigan found in the following paragraph regarding Merrill's CDO Sale. Direct from yesterday's press...
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    X-coll is not good

    Time is running out Dazz; The reason you should be looking at consolidating now is because of the conduct of the banks with their valuations which in the last 12 months have become laughable. The stupidity of the banks actions particularly with commercial property is going to cause...
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    X-coll is not good

    A super property idea that makes shares suck lemons Yes you read that correctly. That means as a couple you cannot contribute any more super in the D.I.Y. fund for three years. So a couple could put in 900K and purchase a commercial property using an installment warrant with the property...
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    X-coll is not good

    Don't Blink Dazz Hi Dazz; Just picked up on this thread about your cross collateralised debt and your LVR. My first comment is that the rules have changed. The banks make the golden rules..... cause they have the gold:p. Its payback time. A year ago I woke up to the sub prime debacle when...
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