ozboy
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Post by ozboy on Aug 27, 2020 10:21:22 GMT
I continue to be impressed by the statesmanship, intelligence, leadership, thoughtfulness and general demeanor of this lady.
Jacinda Ardern's response to the sentencing:
"New Zealand Prime Minister Jacinda Ardern, upon hearing of Tarrant's sentencing, said it meant he would have "no notoriety, no platform... and we have no cause to think about him, to see him or to hear from him again".
"Today I hope is the last where we have any cause to hear or utter the name of the terrorist," she said."
I find it difficult to believe that such a statement would have been uttered by the likes of Priti Patel, BoJo, Trump et al: I can just imagine the righteous and self triumphant foaming at the mouth statements that the PP would have uttered. (and I include most of the non-entities on the opposite side to the govt benches in this).
LOTTA common sense in NZ and Oz, consistently. The rest of the world needs to wake up, particularly here. Or woke up - Geddit!!
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ozboy
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Post by ozboy on Aug 25, 2020 12:09:03 GMT
I hugely admire your indefatigability buryfc , you're a fighting man who enjoys a good scrap when you've been unfairly turned over and screwed. Not unlike myself.  However ....... "I HAVE ENGAGED IRWIN MITCHELL LAW FIRM (TOP 25 IN THE UK) TO REVIEW MY SITUATION AND CONSIDER A CLASS ACTION AGAINST THE FCA AND OTHER AREAS OF REDRESS"I am intrigued. You are a bright fellow so you must be aware that the FCA has been setup in exactly such a way that they are completely, utterly and totally 100% IMMUNE to ANY legal action of ANY kind? What else would explain their Total Arrogance, Gross Incompetence, Evasion of ANY Responsibility, and General Disdain for Consumer Lenders, who they are supposed to Protect? If I have it wrong I'd be very interested to know (we all on here would!) exactly what course of Legal Action against the FCA is available? |
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ozboy
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Post by ozboy on Aug 24, 2020 12:56:12 GMT
Update please ablrate, last one was 30th June when you said stuff would be happening later in July. |
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ozboy
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Post by ozboy on Aug 22, 2020 10:11:07 GMT
Are you sure you're on the official NS&I website and not a scam one?  I recall you can deposit your money via Debit Card when you open the account online and the whole process only takes 5 to 10 minutes. I already had Premium Bonds so maybe that helps to streamline the process but your experience is FAR from normal, something is very wrong. |
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ozboy
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Post by ozboy on Aug 15, 2020 13:06:12 GMT
On a tengental side note, call ME old fashioned, I'm just an investing numpty with the scars to prove it (bloody Tesco anyone?!), but how on earth do the US Indices keep generally moving UP, with all that's been going on, and NO satisfactory end in sight? It doesn't make ANY sense to moi, it's nuts.
The Government simply can't bail out for ever, I just don't understand, can someone explain please? @wallstreet?
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ozboy
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Chat
Stocks
Aug 14, 2020 16:08:05 GMT
Post by ozboy on Aug 14, 2020 16:08:05 GMT
Just checked the half year report for NEX
Revenue £1B Borrowings £1.3B
Now call me old fashioned.
You're old fashioned. 
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ozboy
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Post by ozboy on Aug 14, 2020 16:06:11 GMT
The borrower is appearing at Kingston Crown Court tomorrow for a "Plea and Trial Preparation" hearing.
I understand this indicates he will plead not guilty.
Next available date for a Criminal trial likely to be end of 2021/ during 2022.
Jesus, if he does, he's got MASSIVE cojones! Mind you, given the rumours, he probably likes showing them off. 
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ozboy
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Post by ozboy on Aug 7, 2020 14:23:32 GMT
Government Income Bonds @ 1.16% at the mo which is good enough for me and I'm stuffing it in until this merde show settles down. All the Yank Indices keep going up and US Debt is totally out of control as it is everywhere from fighting this virus. It's all gotta be paid for at some stage and if we simply keep printing money yer gonna need the proverbial whelbarrow to buy a loaf of bread. One almighty and humungous Crash coming. All IMHO of course. Over to you @wallstreet. |
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ozboy
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Post by ozboy on Jul 28, 2020 20:14:26 GMT
I had £14k with FS at one point just before they folded & was already winding down. I am down to around £7k now without loss, with 4 loans left, so lucky so far. However, having seen some of the nightmares lenders are having to suffer, it's about time borrowers started to suffer. Can't wait to see lenders getting fully repaid & borrowers like this one, (who play it along) getting stuffed, with any surplus funds swallowed up by receivers etc. Mind you, I am still pessimistic about this one. I am also disillusioned by some lenders across all platforms that appear to be so forgiving. You know; the people that are always taken for a ride.
Yep , QUITE a few of 'em too. I think I can count on the fingers of one hand where extraordinary forbearance has had a successful outcome.
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ozboy
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Post by ozboy on Jul 28, 2020 14:58:57 GMT
So with the loan at £1,328,300; the interest could be approaching £400,000 (rough figure without any real knowledge of each tranche) £1m down payment with £700k odd as second charge should be rightly rejected. However, I would like to know what the real finished development valuation is. Always wary now, of FS borrowers trying to pull a fast one. Yes, and I wonder who, in the background, might be giving them guidance and advice? 
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ozboy
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Post by ozboy on Jul 27, 2020 12:55:41 GMT
Yep. All handled very unprofessionally, should have been Defaulted yonks ago, what was going on was crystal clear.
Platforms will never learn, but then, it's not their money.
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ozboy
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Post by ozboy on Jul 26, 2020 12:24:08 GMT
Emailed a couple of times this week on the basis we expected to hear something at the end of the last one... no reply Says it all. [27/7/20 - Ha Ha, now we know why.]
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ozboy
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Post by ozboy on Jul 21, 2020 21:23:59 GMT
We have a contract given a loan period and interest rate and seemingly no penalties if not repaid on time. Capital loss is apparently the only outcome if we act to fast or force the contract, this is leading to indecision and prevarication. ‘Loss Aversion’ is constricting our thinking, yes we may lose capital if we force the early sale of an asset. But equally we lose opportunity, add risk, lose leverage and have knock on impacts to other investments as these outliers become established as the norm. In my view a robust response is much better, following the contract, using predefined steps or action. Everyone: investor, platform and borrower know where they are. At the moment the lack of communication and action is prevaricating the situation. In the long term this will only lead to more loss as the costs build up. Note you can apply this to many investments over multiple platforms. , yer preaching to me and thegrumbler - The Converted! I am afraid though that there are FAR too many on here who are very astute business people with loads of debt collection experience and who believe in endless forbearance. Loss Aversion indeed! Just like they did with Lendy and Funding Secure. The Word is obviously out amongst Borowers and has been for quite some time now, "Don't be a mug, you don't need to pay anything back, and the Platform will do Football Association about it."
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ozboy
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Post by ozboy on Jul 19, 2020 20:11:28 GMT
To reinforce our case and increase pressure on the FCA---- Posted by sqh on Lendy-----Please complain to the ASA, Advertising Standards Authority. They are awaiting more complaints. Please read my post p2pindependentforum.com/post/348577 www.youtube.com/watch?v=NeFvYtCaykI#action=share, the ASA WILL act if they get further Complaints about the false & misleading FCA Register regarding COLL. The only way we'll get the arrogant, obstinate & pigheaded FCA to admit their Gross Incompetences and Failures is to hit them from all angles with everything we've got, and an ASA Complaint is one of them. And DO also get your Complaint letter off to your MP if you haven't already. I mean, , there's a template to make it easy peasy, JUST DO IT.And help yourself, as well as others.
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ozboy
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Post by ozboy on Jul 10, 2020 20:22:08 GMT
Unfortunately Ratesetter Australia will become unattractive for me for new lending from next week: On the good side: I still have more than 5,000 AUD lent in 5 year market at average rate of 8.7% Yep, and it's unsecured lending, not a good form of lending with Covid and Job Losses about, so I got completely out months ago. I only played the 1 Month Rolling, my backside still hurts from Collateral.
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