It isn't in the CBA's interest to be playing mind games with...

It isn't in the CBA's interest to be playing mind games with Centro. That they were the only lender not to attend the NY meeting says a lot - they aren't prepared to give what is being asked of them.

Remember it was the CBA that was last to the table at the last extension. They were brought to the table kicking and screaming. Now they can sit back and watch.

That they have the most security of the lenders gives them the most to gain from a collapse. Yes, they will lose some money in the eventual carve up. Yes, other borrowers will see the value of their properties savaged in the fire sale.

Will the CBA still be around after the carnage? You bet it will and it will gain market share from the other banks while doing it - they are the ones exposed in this.