maybe....

In their last update ILF stated that they are working their way through the issues and hoped to have something positive to say in late Ausgust when they announce their results to June 30th.Possibly they have sorted a few things out and this announcement is around the corner.Hopefully it will involve a combination of asset sales , refinancing, and sufficient cashflow to move forward towards a more stable company.
The big lesson here is that many big outfits such as ING,Macbank, Babcock, etc spun off highly geared satellites from which in most cases extortionate management fees were ripped out.More to the point, the business model clearly didnt work for the satellites.
We are now paying for the greed and stupidity of management.
Never again. Lesson learned.Has it harmed the ING brand?
Absolutely.