ANZ 1.01% $31.95 anz group holdings limited

m.west on anz, page-157

  1. ABN
    532 Posts.
    This conversation makes ANZ look positively evil:

    ``There is no way I am signing a guarantee when the $95 million won't fix a problem. The problem would be $200 million or more and the company may be insolvent.''
    Steinberg: ``You can't back out, it's all signed. We have agreed to advance the money so we cannot stop the process.''

    Blumberg: ``I'll find a way to stop it.''
    Steinberg: ``You can't. It's signed.''
    Blumberg: ``I'll find a way to unsign it. I'm telling you as a director of Opes you can't pay money to Opes on Tuesday. I need to appoint administrators.''

    Steinberg: ``I can't, I'm a banker, I've made a promise, I have to pay it.''
 
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