From business spectator:
This says it all really:
'The ordinary shareholders have already been told that their net equity of $2.6 billion has been virtually wiped out by impairment charges. Holders of $600 million in subordinated notes have been told their investment is virtually worthless. '
Don't know why some cling on hope for no reason when they've been TOLD everything they hold is worthless.
And no there will be no German Hyperinflation in the next 6 months nor a Japanese Deflation. The next 6 months will be more of the same. Same for the next 1-2-3 yrs...
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babcock & brown limited
getting closer to the agreement, page-25
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