Lessons from Indonesia’s Cooperative Financing
A government says money is available to repay a loan. The funds have even been placed in a bank account. Has the lender been repaid?
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A government says money is available to repay a loan. The funds have even been placed in a bank account. Has the lender been repaid?
An investment manager has years of experience, a convincing strategy and a record that attracts substantial capital. Then a market shock produces heavy losses, investors lose confidence and the fund closes.
