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Calpine Imploding
Editor's Note: This is a bonus story from Will Gabrielski, whose commentary usually appears only on RealMoney. We're offering it today to TheStreet.com readers. This column was originally published on Real Money on Nov. 22 at 2:25 p.m. EST. To read Gabrielski's commentary regularly, please click here for information about a free trial to RealMoney.
News flash: You can't rewrite the terms of existing debt indentures in order to remain solvent. ...
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