Hanover Finance : Lest we forget

[mrsaneperson]

Lest we forget. Do not...Don't forget how many people were so easily duped every night in the comfort of their living rooms with trusted newsreader Richard Long's voiceover ad for Hanover sponsorship which ran several times each night.

"This One Weather Update is brought to you by Hanover, a New Zealand business with the size and strength to withstand any conditions," Long said in the plugs.

No blame really on Richard Long he lost 50k..The bad buggers & real culprits were Eric Watson & Mark Hotchin.

Makes you wonder how many other ads we are presently being duped by.

Can anyone tell me why finance mogul & philanthropist Glenn Owen' not long after the Hanover collapse risked his reputation by cosying up with baddie Watson by buying a 50% shareholding in The Warriors owned by Watson ?? Or was he just having a blonde moment?

[donna]

Probably less to do with Watson and more to do with The Warriors.

cheers,

Donna

[Perry]

Makes you wonder how many other ads we are presently being duped by.

Avoiding the idiot box and its advertisements would
likely protect against many of the potential scams.

[Damap]

I think you have to remember also that the GFC changed all the rules. NZ is littered with failures and bankruptcies and drama that would not have happened if the global economy hadn't collapsed as it did. Sure there are gangsters like Bryers but many of the other guys were just doing what worked in a bull market.
It's easy to point the finger but if the economy had kept going for a bit longer many of them would be heroes who made us all rich.
I always like the expression : "When you are pointing your finger remember 4 fingers are pointing back at you"

[mrsaneperson]

Probably less to do with Watson and more to do with The Warriors.

cheers,

Donna

Can you separate the Warriors business & financial situation from the bad dealings of Watson when he owned the club? No. So why would Owen Glenn want to partnership with a guy like Watson who left 1000's of mum & dad investors out of pocket ? Watson could have salvaged Hanover by selling the Warriors & his numerous other financial portfolios , instead he chose a wrong path , continuing to flout his wealth & not honour commitments made every night with each screening of the Hanover commercial .

[TheLiberalLeft]

4 fingers pointing back? How many do you have, damap? Webbed-feet as well?

Another Hamiltonian I see.

[Damap]

Haha, I have a double jointed thumb :-)?

[mrsaneperson]

I think you have to remember also that the GFC changed all the rules. NZ is littered with failures and bankruptcies and drama that would not have happened if the global economy hadn't collapsed as it did. Sure there are gangsters like Bryers but many of the other guys were just doing what worked in a bull market.
It's easy to point the finger but if the economy had kept going for a bit longer many of them would be heroes who made us all rich.
I always like the expression : "When you are pointing your finger remember 4 fingers are pointing back at you"

I have always had a clear conscience regarding all my financial dealings & would never not pay other people i owed money too if i still had the means to do so, even if it meant selling my own home to raise the money . Sadly many like Watson ,Bryers,Petrovich etc are not so much financially inept or unlucky but morally bankrupt, stealing from others in order to maintain their lavish lifestyles.