thanks buffett.
i cut my loss on this when i saw BNB going under for that reason.
but i dont understand the relationship BNB and BJT have with each other?
it appears that the parent only provides management for BJT as the "responsible entity".
i am not really sure what ramifications this has for BJT if BNB went under?
it looks like the only thing that will need replacing is the managers - it has no real implication on the business?
i have passed like you said until i can figure out this relationship.
does anyone know?
Thanks
BJT
babcock & brown japan property trust