"Babcock is now one of the world’s great banking problems. Stand back for a huge asset sale program as all the highly indebted vehicles get deleveraged. The only outstanding question is whether it is the directors or bankers who drive the process."
THATS the question.. and then when the market no longer has cheap credit and inflation to keep the model going they/creditors can pull the rug from beneath the directors and leave them as the skapegoats..
But hasnt CEO/chairman? Moss left?
I looked up the complete riskmetrics report on an advanced google search.
and their internet site which may have changed because I remember some of the analysts being contactable @citi..?
The model has been exposed but by whom? and it does seem pretty unsustainable in this ecconomic environment.imo.
BUT the supernatural trading that goes with this type of crash is a real worry for all stocks and traders.
Assets of Australia are forced to be sold too low as a result.
Staff are layed off...
This subject has been covered at OCV the old MFS which suffered a similar selldown and a halt to sell assets.
The report will now have more impact because we are spreading its word..
I am not qualified to give investment advise..make your own decisions please.
BNB
babcock & brown limited
