As I’m sure many have heard, there are hundreds of people around the country who have unfortunately lost all of their money, which they saved with a company called Farepak, which went bankrupt. Farepak was holding their money so that these people had money for Christmas presents.
The thing is, what exactly did Farepak do when it was still operating?? Did it invest peoples money? Did it offer interest?
Why didn’t the people using Farepak instead open a high interest savings account, which fully insures your money (pluis gives you interest)?
If this is the case (and if Farepak did not give interest) then are the people partly to blame for being idiots with their money, or have I missed the point?
Comments and suggestions??
2006-11-12
21:33:05
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17 answers
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asked by
bobby t
3
in
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