Ann: S and P Rating Withdrawn , page-19

WOW again.

This isnt like our Bank Gurantees. These are useless no good assets.

''Citi rescue: On Sunday, the U.S. federal government announced it would guarantee losses on more than $300 billion of Citi's troubled assets. The government also said it will make a fresh $20 billion investment in the bank.''

Isnt this as good as cash. Those troubled assets are effectively toxic. AU 500 billion bailout plus virgin cash.

How is this different than BNB. AU 3 or 4 billion troubled assets. !!!!

I read somewhere that if citi went down the whole system would crash as they had many trillions interlinked around the globe. Maybe BNB is just not big enough to save.