Billions without collateral
It isn't the way to conduct banking business
When a business fails who is going to pay?
The billions will be lost blowing to the wind?
The banking players have strict SOP
Somebody needs to be accounted for it
Giving out billions without back up assets
Who have benefitted from the transactions?
In the case of Genting HK
Has history repeated itself?
Once it was BBMB to a tune of $2.5 billion
Without collateral to back up the loans
Now 3 decades later
A similar cry in the banking industry
It looks like history repeated itself
Who will get the blame?
No comments:
Post a Comment