Nothing favorable said....an excerpt from one of the BNB...

Nothing favorable said....

an excerpt from one of the BNB people:
''The fact that GPT has been partially taking over asset management functions not only is a big warning (and means we gotta (sic) share our precious fee income). It is a vote of non-confidence. It shows the lack of quality we provide, and it will come to haunt us. Once the market goes down it'll become evident whether we have used the entrepreneurial opportunities contained in the portfolios or just chased the "quick buck".''

You can read the whole tragedy here:

http://business.theage.com.au/business/bbs-culture-of-greed-20080806-3qnf.html?page=fullpage#contentSwap4

I can imagine that GPT people will be pouring over every angle of the JV ... including whistleblower letters.