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Learning from Lombard

Monday 7th of April 2008
The past week was always going to be a useful one to get a fix on the state of the finance company sector. As Monday was the end of the March quarter companies were due to send out payments to debenture holders and if there was any bad news it was likely to come out during the week. For a while I thought it was OK, but then down came Lombard. Was this a surprise? On balance probably not....
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