invplc

[SIMBA]

I thought Investec took it on the chin and sold off all of its subprime liabilities.If the subprime problem is exspected to peak in +/- 4 months,i would have thought Invplc would be worth a punt at R65.00.Or will they b tarred with the same brush as those banks that are trying to trade out of the problem.As always your input would be welcome befor i do my boots regards............

[Dr_Who]

I'd stay away from any bank associated with this Ponzi scheme. It will get ugly.

[Victoria_1]

To whom and how could they sell their subprime liabilities. What is a Ponzi scheme?

[MichaelR]

Ponzi Scheme - Definition of Ponzi Scheme on Investopedia - A fraudulent investing scam that promises high rates of return at little risk to investors.

[#5]

In the Sunday Times Business section on both 9/12/07 and 16/12/07 they stated that they had not sold the company involved in the sub-prime loans and that only "parts" were for sale.

[Russ]

It's hard to believe it could fall much further but I'm not brave enough to call a bottom on this one.