here is a theory to discuss, page-25

  1. 5,784 Posts.
    why would cnp's creditors want to carry them any longer in a climate of increasing interest rates?

    cnp certainly isn't too big to let fail. if i was a creditor i'd take what i could get now and let the devil take what was left.

    bottom line is cnp's mgt overreached by a country mile have made a fatal error
 
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