why the fed will save bnb, page-9

Well I'd love to be proven wrong as I'm a holder, but:

The LIBOR is an indication of inter-bank trust. I.e. how risky is it for banks to lend to each other overnight. It doesn't have anything to do with how willing the banks are to expand their balance sheets via lending. That has to do with lending criteria and it doesn't look like the criteria will be loosening up any time soon.

Deflation isn't the main problem for BNB. As you remember in July inflation was very high in AU but BNB was already on dire straights. The problem for BNB is that they bought assets at the top of the cycle with cheap and plentiful debt, and the cycle will have to go through a protracted long term downturn before coming back.

Such huge corrections don't happen overnight. A cycle like this will last atleast 5 years. And that could be too late for BNB to salvage anything out of.

anyway, Calling an end to this debate. Noone knows.