You don't think it might be that people wake up to see Virgin has $5B of debts and start wondering who that money is owed to and what other exposures are out there?
The margins on some loans can be pretty thin. It all starts going a bit pear-shaped if enough aren't able to pay it back.
On an 18 month horizon you may be right but with the new reality and a lot of debt still out there just how high do you think the banks are going to bounce?
WBC Price at posting:
$15.41 Sentiment: None Disclosure: Not Held
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