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<p>I also have a question regarding that car leasing arrangement.  To recap, the Milwaukee sold much of their car fleet to financial institutions, then leased back the cars.  The purpose of this move was to raise some short term cash to ostensibly further entice the prospect of a CNW merger, but it ended up costing the Milwaukee more in the long run.</p><p>What I am wondering is this:  Did Milwaukee ever consider (or was there much opportunity to consider) having the shippers lease the car fleet?  After all, that's what the railroads today are doing, and it would have saved the Milwaukee the responsibility for the lease costs.  If need be, could they have reduced rates for shippers who provided their own cars (even if the cars in question were former Milwaukee owned cars)?  Was the pre-Staggers regulatory picture still at odds with this option?</p>
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