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To: Ron Burns who wrote (1948)6/16/1999 12:27:00 AM
From: fishweed  Respond to of 2693
 
They can declare bankruptcy and simply walk away from it. The debtors having eaten the debt they then buy it back from the banks for pennies on the dollar. This was done by the Bronfmans and the Canary Wharf project in England. The only thing that may save it is MO's guarantee on part of that debt IMHO.