I agree Wachito, the same ppl that sent BBI into free fall ( or...

I agree Wachito, the same ppl that sent BBI into free fall ( or a free for all, depending how you view it), are signing off on the accounts and the SP is presently further south than when the instos were getting out over a year ago ($ for $), and indeed the recent revaluations.

Only some of the factors that made BBI such a great company for those instos have changed it seems and that could be why the instos weren't keen to invest alongside BAM.

The astronomical dividends that artificially inflated and supported a SP based on wafer thin margins after servicing rolling crippling borrowings, have disappeared, oh bother. Those dividends and borrowings and the wafer thin margin business plan were put together by a silver doughnut swinging hypnotist that was (to put it mildly), playing up to impress the locals. Which one is the naive party I wonder and when do you think BAM worked it out?.

If the local instos and banks need a defacto ponzi scheme to give them sufficient dividends to become investors, then no wonder they no longer own the assets and need Govt assistance AGAIN.

BAM conceived over 100 years ago, BBI conceived out of Prime ~7 years ago, no contest.

BAM need to be watched as much for their education benefits as their skill in achieving a long life.

It is also significant that Brookfield are mentioned as recently as 30 Jan 2010, as possible buyers of parts of MQC and MQG's struggling real estate portfolio.

Why have the Aust. Govt. invited Brookfield to part supervise the GFC Infrastructure rescue package of Aust Govt and Singapore Govt funds ?

At the recent prices, it is where you previously stated you would have a look in, so that must be crossing other minds as well.

GFC isn't over yet btw.

ifandwhen