DULL just because you hold a company doesn't mean you have a clue how the company operates. This is obvious when you keep describing BNB as a bank.
When keeping this is mind the point is moot in the both the UBS and Buffet article.
While some of BNB lenders may have had exposure to the sub-prime crisis, the only follow on effect on BNB would be the banks limiting risk and not lending to BNB. The opposite has occurred! Banks are clamoring to thrown money at BNB. In fact BNB has more sources of finance now, than at any other time in it's history.
Just to repeat myself Babcock and Brown is not a retail bank, a merchant bank, an investment bank or even a sperm bank!
Babcock and Brown is NOT a bank.
BNB
babcock & brown limited
