BNB babcock & brown limited

>and do something terribly stupid. --- dont forget you are...

  1. 315 Posts.
    >and do something terribly stupid. --- dont forget you are >talking about bnb managment anything can happen ..

    The point was made, earlier in the thread, that the game now being played is brinkmanship between the banks. Noone wants to be the first to pull the pin when there is a serious case that either:
    - BNB can sell an asset; or
    - Attract some fresh financial support

    The only contingency to fear is that of it being clear that there is insufficient asset value left to cover all the secured loans. At this point cooperative/patience would give way to a shark "shiver" feeding frenzy. (BTW a "shiver" is a group of sharks - just looked it up - probably also applies to Bankers. The exception being Bankers arriving with fresh loan covenants - this is an "exultation" of Bankers).
 
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