It is now in the public conversations that there are several pyramid schemes in the financial cooperatives. It is only a matter of time before the go belly up.
Everyone now knows that there is no way, any financial institution is going to get enough return on its investments to be able to turn around and pay its depositors 7 to 10 to 12 % per month.
I read the Nouvelliste everyday for their ads. The interest rate is starting to drop, some fees are cropping up for depositors. If they have time to turn around, maybe the scandal will be avoided.
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