Comments on: … all transactions frozen http://www.sokwanele.com/thisiszimbabwe/archives/378 This is Zimbabwe is Sokwanele's pro-democracy activist blog. It provides grassroots news and views from Zimbabwe. Fri, 05 Dec 2008 12:45:40 +0000 http://wordpress.org/?v=2.6 By: Thomas Fabe http://www.sokwanele.com/thisiszimbabwe/archives/378#comment-828 Thomas Fabe Wed, 15 Mar 2006 07:49:26 +0000 http://www.sokwanele.com/thisiszimbabwe/?p=378#comment-828 Anybody still in possesion of "money" should quickly get rid of it. Buy a fishingrod and a rowing boat for Lake Kariba, the chances of your survival has already improved. A bicycle could also be good investment. My heart bleeds.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('828','Thomas Fabe'); return false;">Reply to this comment</a> --- <a href="#" class="quote" onclick="quote('828','Thomas Fabe','Anybody still in possesion of \"money\" should quickly get rid of it. Buy a fishingrod and a rowing boat for Lake Kariba, the chances of your survival has already improved. A bicycle could also be good investment. My heart bleeds.'); return false;">Quote from this comment</a></div> Anybody still in possesion of “money” should quickly get rid of it. Buy a fishingrod and a rowing boat for Lake Kariba, the chances of your survival has already improved. A bicycle could also be good investment. My heart bleeds.
Reply to this comment — Quote from this comment
]]> By: Don Kirk http://www.sokwanele.com/thisiszimbabwe/archives/378#comment-826 Don Kirk Wed, 15 Mar 2006 04:09:15 +0000 http://www.sokwanele.com/thisiszimbabwe/?p=378#comment-826 Let's follow this thread of thought: 1. The rule of law is based upon the sanctity of private property. 2. ZANU-PF policies for years have been expropriating private property, in violation of the principles of the rule of law. 3. With the theft of private property by official government policies in Zimbabwe, why would anyone be surprised by theft in the nation's banks regulated by the expropriating government?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('826','Don Kirk'); return false;">Reply to this comment</a> --- <a href="#" class="quote" onclick="quote('826','Don Kirk','Let\'s follow this thread of thought:\r\n\r\n1. The rule of law is based upon the sanctity of private property.\r\n\r\n2. ZANU-PF policies for years have been expropriating private property, in violation of the principles of the rule of law.\r\n\r\n3. With the theft of private property by official government policies in Zimbabwe, why would anyone be surprised by theft in the nation\'s banks regulated by the expropriating government?'); return false;">Quote from this comment</a></div> Let’s follow this thread of thought:

1. The rule of law is based upon the sanctity of private property.

2. ZANU-PF policies for years have been expropriating private property, in violation of the principles of the rule of law.

3. With the theft of private property by official government policies in Zimbabwe, why would anyone be surprised by theft in the nation’s banks regulated by the expropriating government?

Reply to this comment — Quote from this comment
]]> By: D. Stevens http://www.sokwanele.com/thisiszimbabwe/archives/378#comment-823 D. Stevens Tue, 14 Mar 2006 06:52:03 +0000 http://www.sokwanele.com/thisiszimbabwe/?p=378#comment-823 The 'financial management company' was playing some sort of game. No one handling investments, with any sanity at all, would invest all the funds into one institution or bank; absolutely unheard of. What game then is taking place ? If a sleezy financial management company knew that Sagit was about to fail, maybe they might leave a very modest sum of money with Sagit, and claim that 'all had been lost'. Could be years, if ever, before their deception would be discovered. Maybe someone at Sagit approached sleazy financial management saying ' give me, soon to be unemployed and leaving the country me, z dollars and i will give you official Sagit deposit receipts for as much as you want. So, no, i do not believe the sleazy financial management company at all; there is no way that they would have invested, or simply placed on deposit, all the money with Sagit. Your friends, and many others, are being defrauded, and Sagit may not be involved at all, except to give cover for the malfeasance. Let me repeat; this is close to my field of work, and never, ever, ever, would all the funds be put into one institution or investment. My intuition suggests that sleazy financial management had actually been on the slippery slope for a long time, using 'investment funds' from new clients to keep the interest or dividend cheques flowing to all clients, supplementing whatever of the original capital given to them to invest that was left, given the financial turmoil in Zim. The closing of Sagit gave them the opportunity to stop what had been a good investment program in what had been a prosperous country, but had become a Ponzi scheme as things continued to deteriorate in Zim.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('823','D. Stevens'); return false;">Reply to this comment</a> --- <a href="#" class="quote" onclick="quote('823','D. Stevens','The \'financial management company\' was playing some sort of game. \r\nNo one handling investments, with any sanity at all, would invest all the funds into one institution or bank; absolutely unheard of.\r\nWhat game then is taking place ?\r\nIf a sleezy financial management company knew that Sagit was about to fail, maybe they might leave a very modest sum of money with Sagit, and claim that \'all had been lost\'. Could be years, if ever, before their deception would be discovered. Maybe someone at Sagit approached sleazy financial management saying \' give me, soon to be unemployed and leaving the country me, z dollars and i will give you official Sagit deposit receipts for as much as you want.\r\nSo, no, i do not believe the sleazy financial management company at all; there is no way that they would have invested, or simply placed on deposit, all the money with Sagit.\r\nYour friends, and many others, are being defrauded, and Sagit may not be involved at all, except to give cover for the malfeasance.\r\nLet me repeat; this is close to my field of work, and never, ever, ever, would all the funds be put into one institution or investment.\r\nMy intuition suggests that sleazy financial management had actually been on the slippery slope for a long time, using \'investment funds\' from new clients to keep the interest or dividend cheques flowing to all clients, supplementing whatever of the original capital given to them to invest that was left, given the financial turmoil in Zim.\r\nThe closing of Sagit gave them the opportunity to stop what had been a good investment program in what had been a prosperous country, but had become a Ponzi scheme as things continued to deteriorate in Zim.'); return false;">Quote from this comment</a></div> The ‘financial management company’ was playing some sort of game.
No one handling investments, with any sanity at all, would invest all the funds into one institution or bank; absolutely unheard of.
What game then is taking place ?
If a sleezy financial management company knew that Sagit was about to fail, maybe they might leave a very modest sum of money with Sagit, and claim that ‘all had been lost’. Could be years, if ever, before their deception would be discovered. Maybe someone at Sagit approached sleazy financial management saying ‘ give me, soon to be unemployed and leaving the country me, z dollars and i will give you official Sagit deposit receipts for as much as you want.
So, no, i do not believe the sleazy financial management company at all; there is no way that they would have invested, or simply placed on deposit, all the money with Sagit.
Your friends, and many others, are being defrauded, and Sagit may not be involved at all, except to give cover for the malfeasance.
Let me repeat; this is close to my field of work, and never, ever, ever, would all the funds be put into one institution or investment.
My intuition suggests that sleazy financial management had actually been on the slippery slope for a long time, using ‘investment funds’ from new clients to keep the interest or dividend cheques flowing to all clients, supplementing whatever of the original capital given to them to invest that was left, given the financial turmoil in Zim.
The closing of Sagit gave them the opportunity to stop what had been a good investment program in what had been a prosperous country, but had become a Ponzi scheme as things continued to deteriorate in Zim.
Reply to this comment — Quote from this comment
]]>