Comments on: Centro’s Reprieve & the Aussie Financial Services Bloodbath http://www.dailyreckoning.com.au/centro-financial-services/2008/02/18/ An independent perspective on the Australian and global investment markets Sun, 08 Nov 2009 10:25:55 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Pat http://www.dailyreckoning.com.au/centro-financial-services/2008/02/18/comment-page-1/#comment-8460 Pat Tue, 19 Feb 2008 08:43:25 +0000 http://www.dailyreckoning.com.au/centro-financial-services/2008/02/18/#comment-8460 Wasn't Northern Rock's problem that they borrowed at short term rates to lend at long term rates as opposed to being 'a bank that borrows money at long-term rates in order to lend it short-term'? Wasn't Northern Rock's problem that they borrowed at short term rates to lend at long term rates as opposed to being 'a bank that borrows money at long-term rates in order to lend it short-term'?

]]> By: John Delforno http://www.dailyreckoning.com.au/centro-financial-services/2008/02/18/comment-page-1/#comment-8336 John Delforno Mon, 18 Feb 2008 22:37:38 +0000 http://www.dailyreckoning.com.au/centro-financial-services/2008/02/18/#comment-8336 Dan, Not very informative, adds nothing of value, sensationalizes everything and implies that Centro has little chance of surviving what is really a bank/financial sector lead recession. The ANZ cheif said its a bloodbath - what he really is saying is that ANZ stuffed up badly but blames everyone else - that is the true story but hey, lets deflect that and blame other businesses. Not impressed. Dan,

Not very informative, adds nothing of value, sensationalizes everything and implies that Centro has little chance of surviving what is really a bank/financial sector lead recession.

The ANZ cheif said its a bloodbath - what he really is saying is that ANZ stuffed up badly but blames everyone else - that is the true story but hey, lets deflect that and blame other businesses.

Not impressed.

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