Will Abbott avoid the Babcock & Brown trap?

Fast talking won’t fix Australia’s structural problems any more than it helped Babcock in 2009. But it’s commentators, as well as Canberra, that must look beyond spin.

“Robert... Robert... in this market if people want to judge the sustainability and the strength of our business off the back of where our hybrids trade on very thin volumes then that’s their judgement.”

­— Phil Green, former CEO of Babcock & Brown

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