from todays melbourne herald sun, page-49

steven1459,

I agree with you. Things have changed and MFS isn't in a strong bargaining position.

I must take you back a few days ago. There was talk that they had over 4bn debt. There was talk that the directors had lied and MFS short term debt was in the billions. There was talk that Fortress had called in their loan. There was talk they had approached CBA for refinancing. It goes on and on and next week...there will be talk of something else.

I am not downplaying the problems...they are big. However, the UBS's and the Merrill's have more to gain by getting these guys survive, not to mention their reputation.

Let's see how it plays out. Have a look at this from Cramer (stole the link from another post). Perhaps the message will be loud and clear...financials!

http://www.cnbc.com/id/15840232?video=627343799&play=1