trading insolvent implications for noteholders, page-5

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.