It will even be cheaper to swear at ASIC and to burn Babcock and Brown paper now then for the US dollar to suffer the fate you predict.
Lehman will be allowed to unwind. Even if it is not allowed to there are some very nervous crooks here including an indolent regulator praying to the lady of lourdes where the pope is on a visit to her shrine for a miracle to turn back the clock.
Why is ASIC and the ASX in silent mode over these mongrels? where is Samuel? what about the thousands of retirees who have lost millions to Babcock and Brown? How could anyone lose 90% of their market value then claim to be solvent? What about the investment in various loans they made to parties whom they will have to collect from now? How could the banks continue to prop up Babcock and Brown without it showing on their balance sheets as a corresponding write down or a liability which would in effect drive the bank stocks down as well. are the banks being honest?
