Tony Boyd has hit it on the nose, as usual:
http://www.businessspectator.com.au/bs.nsf/Article/Last-play-for-Babcock-$pd20090206-NZAZG?OpenDocument&src=sph
"The details of the restructure revealed today make it clear that management's plans to scrounge some sort of future for Babcock & Brown have been abandoned."
However, T S Eliot said it better in "The Hollow Men":
This is the way the world ends
This is the way the world ends
This is the way the world ends
Not with a bang but a whimper.
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- good summary in the business spectator
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babcock & brown limited