Be that as it may the corporate cowboys are expecting to be bailed out by the Government and this is currently happening in Australia and around the world. I note today that Aussie banks with committments through foreign banks are going to be given guarantees of finance rollover so that they dont wind up in administration or a firesale of assets situation. But these same banks here in OZ are declining to roll over finance to companies even good companies and sending them to the wall. I know because I have an interest in one such company. So the big institutions that made bad decisions are bailed out but the shareholders of companies that have finance agreements with those banks are made to suffer the consequences. Not really acceptable and I am writing to Swan on the matter.
