Surely it is in the Banks interest to get their money back,and they would not be interested in throwing good money after bad.
If the banks really believed it was a flop they would have not refinanced.
Basically this guy is accusing the banks of cowardice, at its own shareholders expense,to prop up companies they believe will go belly up.
When i read his article my first impression was,what does the writer have to gain from this article? rather than thanks for the new information .
some more reading from smh, page-4
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