BBI 0.00% $3.98 babcock & brown infrastructure group

the buying continues, page-52

  1. 4,510 Posts.
    Beattie and others.

    People need to wake up to the fact that the banks are REALLY REALLY p1ssed off with all the different BNB companies and their satellites.

    No-one here has pointed out yet that the banks who lost money on BNB are probably the same banks who have lent money to BBI. They are going to do everything and a ything to ensure they are not done over a second time. They have recognised their opportunity to improve their hand by forcing BBI into the arms of a CI, so that the banks can get their money back sooner and also improve their security position. They do not give a fig about what interest rate they are getting. They want their lending exposures improved and this is why they are playing hardball with BBI. And they certainly do not care about equity holders either.

    Anyone who thinks the banks are going to keep on rolling over these debts is really in denial of the situation.

    If you think BEPPA are in the same boat as the lending banks, that is ridiculous. There are no lifeboats for the BEPPA holders. Only the hope of participating in the recap. The banks will still get their money back.
 
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