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12/12/08
09:52
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lots of us have already lost basically everything, well a large percentage of our investment. 12 months ago CNP was bragging
804 shopping centres valued at US$23.9bn
2ndLargest Retail Property Owner/Manager in Australia
5thLargest Retail Property Owner/Manager in US
They would still be bragging except for inability to refinance. Incredibly they are still generating large profits, certainly not insolvent.
I wouldn't be surprised if government underwrite or guarantor loans (with strict conditions). Wish they'd hurry though.
I know its hard to watch your money slowly dissolve but I believe they are too big to allow fail.
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