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The global sub-prime crisis and the slump in the local property market have claimed another victim close to home with the closure of a Tower mortgage fund after a run on the fund and a sharp rise in defaults on residential and commercial mortgages.ING had to close two of its funds last month after a run on the funds, although those funds were exposed to US sub-prime and other complex derivatives, whereas this fund is exposed directly to New Zealand property.
ofInterestNZ 3 years ago
The moron in the yellow tie, must be orileys inbred brother.
shamansays 3 years ago
That would be a complement to O'Reilly...
HitleryClinton 3 years ago
Hmmm,, well then the dumbass in the yellow tie must be the brother of the inbred moron oriely.
shamansays 3 years ago