South Canterbury Finance Limited

[Balance]

Heres an insightful post!

We share the same view of Chris Lee and his antics.

I am hoping that a class action will also surface the role that Forsyth Barr played as well in the collapse of South Canterbury Finance. Forsyth Barr eagerly and furiously raised hundreds of millions of dollars for SCF when SCF obtained the Crown guarantee, imo prolonging and extending the mess that SCF was already in at that stage. It was akin to giving heroin to a cocaine addict.

The Feltex and Credit Sails failures showed that Forsyth Barr was all about milking fees with little regard for the appropriateness of risks/investments to investors.