Liquidation mooted for B&B International
Abstracted from The Australian Financial Review
Babcock & Brown's administrator, Deloitte Touche Tohmatsu, may decide to liquidate the Babcock & Brown International (BBI) entity that contains the group's assets. B&B International is controlled by a syndicate of 25 banks, which are unlikely to support the liquidation as such a move would crystallise the loss of $A3.9 billion by B&B International
If BNBG holders is getting nothing, then let us bring the bankers down with us. Revenge is sweet.
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