Could it be that the one stupid rogue bank has helped pulled the dow down 7.7%
Its was dumb move and that one banker should be fired. As it sent the following message to the whole global market.
"Banks will now attack viable companies with viable businesses with excellent balnce sheets and demand companies operate on Short term debt only"
That bank should just stop its operations alltogether.
Banks have become loan sharks. No wonder the dow fell. All resource companies will be smashed. Banks resource loans will get smashed. It was a dumb dumb move.
That doesnt excuse AM as $10B shareholder value lost on his watch.
OZL Price at posting:
$5.50 Sentiment: None Disclosure: Held
