re pg22 of todays austrlian, page-71

What Ralph Norris and the CBA may fail to realise is that there may be a flow on effect for not accepting the debt for equity outcome.

I, for one, will add to the pain of the administration since I have a $50K personal loan from CBA all invested in Centro. In addition I have a $15K credit card from the CBA also invested in Centro. While I have other debts, the CBA is by far the major holder.

This is perhaps the flow on effect of leverage upon leverage. Of course, if Centro goes down, there is NO CHANCE of recovery of my CBA liability.

Good luck to the CBA guys...