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Well, a debt-equity swap is a way to restructure debt, something that is unlikely to happen without an intervening bankruptcy or the threat of it.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Mon Oct 27th, 2008 at 06:44:15 AM EST
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