first prize bluff, page-15

"Jonkey wrote: "What do the BANKS lose if they call the loans, strip the assets and roll them into their unlisted investment vehicles, supported by their fund management arms, with the wealth of onflowing superannuation and investment monies."


the problem with that scenario is the word "banks"

THey wont be able to put the money in "unliseted investment vehicles" because the money is tied up with administrators who will be trying to resolve which bank gets what and how much. Maybe after 10 years the administrators would have it sorted out.

Think I will stick with my BEPPA as could be another white knight around the corner