
08-26-2008, 09:21 PM
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Superior Investor
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Join Date: Nov 2007
Posts: 10,363
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The devils bank advisors in Roskilde Bank
The shares in Roskilde Bank the danish victim of the real estate crises was today suspended from the OMX Nasdaq stock exchange. But there is going to be legal consequences for the management in the bank. Not only did the management jeopardize the shareholders money in a risky game of monopoly they also put pressure on the bank advisers to advise the bank customers to invest all their pension funds in the banks share well knowing the financial future of the bank was unsteady. Italkcash has proff that bank advisors required customers to invest all their saving including child saving acounts in bank shares before refinancing the customers real estate loans. This also knowing that the money was invested better in candy and soda. But Roskilde Bank is not an one-off affair. BankTrelleborg the bank that was aquired by SydBank and who was the first victim of the crises advised customers to buy the banks shares until the day the bank went bankrupt. Well the bank advisor is the banks advisor. Think twice before you decide to listen to your financial advisor.
The Doc
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