And the administrators won’t be selling “CAI” but spilt the assets.
All the assets are monster financial anchors. That’s why McQuarie doesn’t want to foreclose, who the hell would buy it, even for $1?
The liabilities and substandard assets will require McQuarie to actually pay someone to take them, and even then, you would be a fool.
Its a cluster “F” for sure.
And the administrators won’t be selling “CAI” but spilt the...
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