Quote:
Originally Posted by valo403
You're right, someone who did their homework likely wouldn't have been caught in this scheme. But the fact remains that many people who have made their living in this sector were taken for a ride, so it hardly seems fair to tell the common investor that they should have known better.
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I believe I said all that . . . . .
The pro's should have known better and the common man should have been protected by regulatory authorities to a greater extent.
Nevertheless, one per cent per month, regardless of conditions, is not normal and is right up there on a "should I trust it?" level with these local development companies essentially promising the same thing on mortgage bonds or promissory notes.
There's a place you get to where even the common man has no excuses, where greed has overtaken common sense.
Pigs get slaughtered.
Cowperson