Bryce ….my comments were directed at your post higher up, which you have to agree didn’t make a whole lot of sense, and not at your choice of profession.

Everyone has a job to do but it irks me when know-nothings like the guys I described try to pull the wool over people’s eyes with throwaway lines.

As for insulting bankers….I’m an Investment Banker with 18 years of insults thrown at me ….how do I fell about that???…when you earn as much as we do and live the life we do, we really don’t care what the unwashed masses think.

When I’m flying first class to europe and staying in 6 star hotels, I don’t really put too much time into how other percieve me or what I do, nor do I feel that I have been touched by a lucky angel. I have worked hard and put up with a tonne of crap to get to where I am.

What I do find amazing is that people who don’t know what they are talking about won’t take advice of somebody who has a better than decent knowledge on how some of these “behind the scenes” things work……yet they all bang on and on about how they are on a learning experience and are keen for knowledge.

If you think knowledge is only worthwhile when it corresponds with your narrow view on life, then I really feel sorry for you.

(Bryce these comments are not directed at you so why don’t you give it a break mate…BTW….I find that when the only insults people can throw at me are related to small typos on a forum they are usually well outside their comfort zone and reaching for straws in a debate)

Natalie

Not bad for my 400th post !!!!

Mortageg Hunter….What really sh!ts me is that when this was going down and I was trying hard to warn people about it using maths and other “black magic” stuff that was beyond the comprehension of many of the forumites (you being one of them), I was shot down with bullsh1t comments like “people said man would never walk on the moon” and “there is only use for 4 computers in the world”.

It is beyond belief and/or forgiveness that anyone who works in the industry could say anything positive about the product……the whole experience really opened my eyes to how uneducated, naive and gullible the mortage broking community actually is.

I should be thankful…its not every day that I get such a good insight into the thinking of the man on the street.

Regards
Natalie

bugger…wrong link

try this one

http://www.smh.com.au/news/money/into-the-void/2006/02/27/1141007311264.html

Dazzling

I have worked in big end of town banking / finance for 18 years and to be honest things just don’t work like that.

I think you will find that AISC pushed that guy for more information and he flatly refused to give them anything or even respond with sensible answers (I doubt he had anything to give) and they did the right thing and shut him down.

From what I can gather there was a view that the promoters didn’t realise that the concept didn’t work until enough outside people (who could work a HP financial calculator & and understood the concept of future and present value) showed them it was impossible.