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Financial Happenings Blog
Thursday, February 15 2007

A great article in today's Australian newspaper (front page) where the Westpoint boss (former boss) Norm Carey claimed that part of the reason for the Westpoint collapse was the fact that his wife was having an affair with his marriage therapist.

This stands at odds with the conventional wisdom that says the collapse was due to the fact that Westpoint 'investments' were highly risky mezzanine finance investments distributed by a corrupt financial services industry that was dazzled by double digit commission payments.

So now you know!



Posted by: Scott Francis AT 05:37 am   |  Permalink   |  Email
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