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Discussion: (1 comment)

  1. Bert Ely

    Excellent, concise analysis of the situation. A key question at this time — to what extent, and in what way, will speculators in F&F’s common and preferreds be able to capitalize on the government’s mistakes? Will they be able to obtain relief in the courts and if so, what will that relief be? Failing that, will Congress bail them out? I doubt the latter outcome.

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