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Jester_Vandalay

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Jester_Vandalay

Re: temp luvs amy post# 167

Tuesday, 12/10/2013 10:47:06 AM

Tuesday, December 10, 2013 10:47:06 AM

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The Lloyds Banking Group has been off loading it's shipping portfolio of distressed shipping loans to U.S. hedge funds to clean ups it's books to handle the EU bank stress test.

It's cheaper and quicker for the bank and hedge firms to buy the debt then to build new ships. As soon as the shippers default on the loan terms then the creditors can call the loans due and force the company into BK...

"When there is a gold rush on, it's a good time to be in the pick and shovel business." Mark Twain

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