waiting waiting waiting, page-7

hang in there tiger
banks have refinanced their loans until Sep ( US banks until Dec ), so they have some time to achieve best possible asset sale deals, rather than rush into a fire sale at discounted prices. remember they only need to sell some assets to lower their gearing to a more acceptable level, and then the banks have indicated ( according to Rufrano ) that they will then refinance their loans longer term. they DO NOT
have to nor have been asked to eliminate ALL their debt.
furthermore rental income from their many shopping centres is enough to cover all interest payments.