Ask Fear & Greed: Can you explain the First Guardian collapse?

The collapse of the First Guardian managed investment scheme and two others has affected thousands of investors, who combined may have lost more than a billion dollars. How did they get drawn into the scheme, and what happens now?Join Sean Aylmer & Michael Thompson as they answer questions on business, investing, economics, politics and more.If you have your own question for Ask Fear & Greed, get in touch via our website, LinkedIn, Instagram or Facebook!Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.