hidden agenda westlb perhaps, page-2

to Adel
i'm just raising some issues that have not been discussed.....
totally hypothetical of course but is it not very odd that everyone else is bending over backwards to sort this out but one creditor despite receiving a huge bailout by their own government is hell bent on being difficult to one of their best customers who has centres in the more affluent areas of the US and is operating in an area that is considered defensive in times of a downturn, ie non discretionary retail. Yet they had no problems in jumping into the subprime mess....hmmmm!

i was merely looking to see if Westfield was one of westlb's customers and it appears they are but apart from that heading i do not have any further details.
Remember Westfield sold centro some centres and wouldn't it be a coup if they could buy them back at fire sale values?

if this is their intention then i personally don't think the other lenders or ASIC will let them get away with it..


all purely hypothetical...other views appreciated