In your interest.
Online Personal Finance Magazine
No beating about the bush.
As I was reading Sucheta Dalal’s article in MoneyLIFE, 24th April issue, I remembered the speeches of Arthur Levitt, former chairman of SEC. Among them, I recommend “Future of America’s Investors” (16 January 2000) and “Investing with Your Eyes Open” (16 September 2000). These are still relevant to us. I must mention that MoneyLIFE is a fine magazine and I enjoy reading it.
I am a subscriber of your esteemed magazine. In the past and present, people have been ignoring Chennai, though it is a metro. Not many events take place here. I would like you to organise an event/seminar in the heart of Chennai city, just as you conduct in Mumbai.
Radhe Shyam Mundhra, Chennai, by email
In our last issue, we had pointed out how recession is great for a particular kind of business – pawnshops. Subprime lending has got a bad name now; but call it subprime, call it usury; lending money to those who badly need it at high rates of interest is not going to disappear from any system. Subprime products come in many forms in the US from where Indian companies draw ‘pro-duct ideas’....