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Old 25-05-2009, 08:36 PM
NewandLost NewandLost is offline
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Re: Understanding Vietnamese Life Partner

[QUOTE=ekemono;3771144]bro, here are some advice IMHO

1) Did she REALLY declared all the outstanding debts? As with them, as long as you becomes her pillar of support, the idea of incurring new debts carries little worries for her and her family.
QUOTE]

this goes along with the concept of moral hazard, yes the same thing that brought down AIG and part of the reason for the financial crisis. So the family sees no risk in taking on riskier transactions since you basically offer insurance against any risky financial decisions by them. Why worry when they have SG guy to back stop any loss? Why not take on more. Open up that watermelon shop to hit the Forbes Vietnam rankings when they got SG guy to absorb all losses. i think its wise for you to discuss money and prudence with her and have her talk to her family. you need to make sure of the latter. it could be very well her family is pushing her to be with you on the assumption that you are their VC (venture cap not Viet Cong) firm. if and if they have the discussion before hand, you might find her backing out of the deal. good luck braddah.