Interesting Dargie. The banks pull finance, cause massive share price drop, then talk about transferring their debts to stock-massive dilution at a very low price caused by their action and almost total ripoff of assets by the shark bank. This has been a favourite trick of big corporate/financier thieves for thousands of years. Thats why the banks are such a large part of Australian market capitalisation. They are just a big filthy cancerous tumour that add no value and live of the honest efforts and investments of everyone else.
We need a completely different and more equitable financial system, where risk and reward are more fairly spread.
The delicious bit is that there are going to be big hits to bank balance sheets. New institutions with different methods of operating will be born that will do away with this rotten failing model for ever. Clean cells will destroy the old junk.
Watch and see....
So is the market anticipating that once they rul
e the roost at BNB they will plunder BBI and the others? Because they can? Even though they dont own them?
Sounds like lawyer time to me.
BNB
babcock & brown limited
