Good Evening Dr Beattie, I was talking about the new extension - the one that has been making the rounds of the newspapers but has yet to be confirmed. To me once an announcement comes out confirming it, it shows that the Oz banks are willing to work with CNP to benefit both parties.
The fact is that if the banks work with CNP they will be able to make more money then sending them into admin, where the banks will have to make large writedowns. I'd like to see the OZ banks try explain to their shareholders why they won't be able to pay any dividends this FY - Heads would roll, or should i say exec's heads would roll
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