AUSTRALIA - Allco caught in a spiral of debt
Once revered as the smartest structured finance company around, Allco was clumsily caught out by the global credit crunch. Its purchase of highly geared fund manager Rubicon sparked a chain of events that led to the collapse of its stock price and now it is in a fight to survive. But why didn't anybody stand up to overconfident company leader David Coe, wonders Ben Power.
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