a lot of banks
BNB has $3,500 m of debt
does anyone have any idea how many million each bank is exposed to this dog
$500 m?
$600m?
$1 bn?
at the moment bnb only has a one in ten chance of surviving
BNBG is $14
you can redeem your $100 in 2015 i think
so the market thinks there is a 14/100 or a 14% chance of getting your money.
Also bear in mind debt get paid before equity should the company be wound up and all the assets sold off.
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babcock & brown limited
if this sucker falls it will drag down ....
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