I was in Australia last week and the Aussie papers were full of the coverage of the inquiry into the demise of Babcock of Brown
Bigger scale than AH and SCF but all seemed familair story (spooky in a way) as to what is happening here
Too much leverage and hope that things will come right .... but when the world is against you and the business model is broken than all hell lets lose
And relevant is that decision making and 'judgement' takes on a different meaning
Chalkie prob spot on again .... those who trusted AH the most will lose out and most of those in SCF will get their money back coutesy of you and me