"Besides which, the banks need to start lending again to maintain their healthy, mega profits."
Hmmmm.... Not to something like BBI they dont. Too many layers of ownership, structures, guarantees and poison pills.
And certainly they dont want to loan to BBI at the corporate level.... their cash is not secured by real assets. Instead, their security is over shares in geared companies, which hold shares in other companies, which hold the assets, but have debts of their own secured against those assets.
Chance of getting corporate debt refinanced = zero
BBI Price at posting:
3.6¢ Sentiment: Sell Disclosure: Not Held
