Looks like won't be long now before they are in work out mode if this keeps up.
All banks to the headstock facility and the ~$50bn owing by the satelites will be sending in their teams very soon you'd expect to stop the bleeding.
BNB will hopefully not bring down any of the major banks but they should really take it offline and look to diagnose the problems. First step will be to end their Investment Banking business and start realising assets.
BNB is a festering joke and the Macqaurie boys are having a great time laughing at them.
BNB
babcock & brown limited
