in the BNB letter to noteholders, it says that that bbipl's...

in the BNB letter to noteholders, it says that that bbipl's failure to make the repayment to the noteholders should not prejudice the solvoncy of bbipl.

if this can proposition hold, then, a bank's failure to make repayment to people's deposits should also not prejudice the solvoncy of the bank as long as the bank has higher ranking debts(for example, the bank owes one cent to one of its former employees, and this employee has past away so that the bank can never successfully make the one cent payment)


the words " should not" being used here shows the board's intention to avoid litigation if any. what a cunning group of people in the board!.

BNB case should be always shown to investors in the future so that investors can get more clear understanding of investing in corporate nots. failure to do so would mean brokers' failure to give investors due information on risk of notes. LOL. this is jsut a joke. but it works.

again and again, shame on the Laws! and relevant governement agencies.