Wednesday, February 20, 2008

Investors are getting educated and speaking out... on Facebook

By: Daryl Ching, Clarity Financial Strategy

Jim Middlemiss of the Financial Post published an interesting article "Engineer rallies ABCP investors on Facebook". Brian Hunter, who goes under the alias of "Windyfield" is an avid reader of the Clarity blog and has posted several insightful comments throughout some of our entries. Mr. Hunter has created a Facebook page to rally support for the smaller investors. His site includes letters to and from Purdy Crawford and Mark Carney.

Based on comments we have received from people like Brian Hunter, it appears not only are ABCP investors getting fed up with the restructure process and speaking out, but they are getting very educated on the topic. It is apparent through Mr. Hunter's comments, that he has done much research on the situation and has an intricate understanding of how all the various parties were involved with ABCP. His website is rallying support and has up to 10 users at this point.

1 comment:

Corporate Bully said...

Att: RBC Bank President Gordon Nixon - Salary - 11.73 Million!!


I'm a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your RBC account.


There is no monthly interest payment date on the contract.
Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract.
Demand loan contracts signed by other fishermen around the same time showed a monthly interest payment date on their contract,(agreement).
The lending policy did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC.
Only problem is the loans officer was a replacement who wasn't familiar with these type of loans. She never informed me verbally or in writing about this new criteria.

Phone or e-mail:
RBC President, Gordon Nixon, Toronto (416)974-6415
RBC Vice President, Sales, Anne Lockie, Toronto (416)974-6821
RBC President, Atlantic Provinces, Greg Grice (902)421-8112
RBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600
RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302
RBC Vice President, Halifax Region, Tammy Holland (902)421-8112
RBC Senior Manager, Media & Public Relations, Beja Rodeck (416)974-5506
RBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542
Ombudsman for Banking Services & Investments, JoAnne Olafson, Toronto, 1-888-451-4519

"Fighting the Royal Bank of Canada (RBC Bank) one customer at a time"