Thread: FirstInlandBank
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Old 27th October 2011, 03:47 PM
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Default Re: FirstInlandBank

SLS is doing a good job in getting at executives who stole funds - people who were once untouchables.

Where does this recovered monies go to? Who in this forum can educate us on where this recovered monies go to?

My issue with SLS which a lot of folks have mentioned in this forum are his 'comments', they do not help the situation at all. A high profile person watches his coments on very sensitive economic issues. Destructive comments are the bane of a fledgling market like the NSE

1. Stock holders did not steal the monies that they invested (?). Shareholders were invited and courted by the corporate world to bring in their funds!
2. Shareholders are not gamblers and greedy people as they are being portrayed by his (SLS) interventions.
3. Shareholders deserve some protection. Could retail shareholders have stopped the looting in these banks?
4. Can a nation survive without the capital market?
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