Reply to post: Parasite & Vultures

Administrator PwC chops Maplin staff

hoola

Parasite & Vultures

As with all these events, the underlying venture capitalists will have done all sorts of financial engineering to ensure that they are sorted. The auditors appear to be incompetent but get a nice fat fee and the administrators are laughing all the way to the bank. There appear to be so many obscure financial tools now in terms of credit, credit insurance and everything else, all run be the very people that have brought the country to it's knees one have to ask how we have reached this state.

If you dig down enough all these collapse appear to end up as a result of some ratings outfit, bank, investment tool or consultants. All of whom are being paid huge amounts of money.

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