From The Australian some continued probing about the size of Macquarie Bank’s debt is still not providing answers. Is it as Jim Chanos asserts around $90 billion and is it the case, as I asked a few weeks ago, that Macquarie Bank is a Ponzi scheme destined to collapse?
This would leave its current managers drenched in wealth but its shareholders with nothing. Macquarie yesterday reported a strong financial performance over the past year though things slowed in the second half a bit. (117)