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Crane, a tropical fruit crop specialist at the University of Florida, on the deadly fungus, laurel wilt, that is slowly wiping out Florida's avocado crop.
To be sure, the Fed attached quite a few strings to its AIG funding deal - the loan carries a high interest rate, for example - but the central bank also followed a pattern established with Bear Stearns and repeated with Fannie and Freddie earlier this month of essentially wiping out shareholders while protecting those who held debt.
Healthy companies have tough times asking creditors for debt forgiveness, but if a financially weak company tells its creditors that it will liquidate absent a restructuring, wiping out creditor recoveries, those creditors will pay attention if they are confident that management is competent, resolute and well advised.