these are the reasons i think bank will not fold it i must admit after AFG, ABC i am bit worried now thoguh.
1. They are making payments on time. 2. Interest Rates are falling. 3. AUD$ is falling. 4. IF they firesale assets they will not get money immediately. 5. AND IF they had to firesale them or accept lower bids they would have agreed to prices what CENTRO was getting when they were selling assets they would not have recommended them to take them off. 6. Huge costs for ADMINISTRATORS. 7. Given few years BANKS will get there money with interest which they will lose if it goes in Administration. 8. Banks make money by lending not keeping with them.
CNP Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held