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south louisiana

07/11/03 3:48 PM

#129240 RE: D2 #129234

D2 - My read on MIR is panick following ML downgrade. No news means to me they're still negotiating, which is good. Bk is in no one's interest, and they were between libor plus 4.5 and 5.5 last best guess. I still see resolution bwdik. Big gamble.