"The reason BNB failed was due to the Bankers (mainly European)...

"The reason BNB failed was due to the Bankers (mainly European) who would not fund the business. It has less to do with the business model, the executive fees, the deals, etc. and completely to do with the fact that the Euro banks will not fund risky assets outside their back yard.
"

Sorry but this is complete bullocks. BNB sailed too close to the wind, when a severe storm hit. They started taking on water. The boat got too heavy and sank.

The banks didn't help, but they didnt set the initial course.