Thursday, August 7, 2008

Yet another finance company fails

And still they fall like ninepins...

When Strategic Finance today announced it had suspended redemptions of its secured debenture stock and subordinated notes, it became the 27th finance company in the past two years to either run into difficulty or collapse.

Strategic has also stopped accepting subscriptions for debenture stock and subordinated notes under its current prospectus and investment statement.


No comments: