Borrowing
Sir, —. On your leader page is the information that Wells Fargo will not lend the Brazilians any more
money. This would be the same Wells Fargo 1 who lent money to Mosgiel. Some astonishing financial advice from an article In “The Press.” (October 4): Borrow at 13 per cent, buy something and show a gain of-5 per cent on inflation at 18 per cent per year. If you want to really clean up you could buy a deep freeze, fill it with meat and post it to yourself. A final gem of real, wisdom from' . the same article. Getting to know your bank manager, better gives you a better chance of getting a loan. True. But better still, follow Mr Rocke-' feller’s advice and > own your own bank. Look where Chase National, Wells Fargo and American Express got Mr Rockefeller. . — Yours, etc., - - • • —■ ' JIM TIMINGS.
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Press, 9 October 1980, Page 18
Word Count
145Borrowing Press, 9 October 1980, Page 18
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