must read article...., page-14

From the article...

"Over recent months, Griffiths and the Commonwealth have played a singular, shaping role in some of the most turbulent workout negotiations in recent memory. A 15-year veteran of Which Bank, Griffiths has won grudging respect for some for his aggression in protecting his bank's interests. But he has also built a cohort of powerful enemies too.

There is a view that the nitpicking aggression of Griffiths' team has become a serious issue in these uniquely unsettled times. "They are stuck in the dangerous cut-and-run era when we pulled the plug hard and early," a competitor said this week.

"Call me naive," says one high-profile subject of Griffiths' recent attention, "but I wanted to imagine he just didn't understand what his team were doing to us. But I was wrong. This was quite deliberate.

"He constantly works to gain leverage at the cost of his competitors and, in doing so, he puts them in a position where, even if they want to keep someone going, they can't."

This is very concerning to me.

A week ago today it was reported that all banks except the CBA were supporting Centro's stabilisation plan. At the same time the floor fell away from CER's share price.

Both CNP and CER traded all week? Is there still hope?