When the defaults on prime and alt-A mortgages are added to sub-prime losses, it’s clear that we’ll see a long period of financial darkness before the dawning of better times, writes Alan Kohler.
Solomon lew
From Yannon, to meat deals – meet the Scott brothers
Way back in the late 1980s, a fiery red-head called Andrew Scott was a loyal treasury minion of then Coles Myer finance director John Barner. Scott would later rise to become the retailing giant’s property chief before leaving in 1997 for Centro Properties, whilst Barner was fired in disgrace in 1993.
