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The railroad was obviously broke. They obviously didn't have money to fix anything. Even if they'd wanted to, how could they turn it around. In a regulated environment you're not free to do as you please. <br /> <br />You can look at before and after scenarios (before the bankruptcy reorg, after the bankruptcy reorg) and then try draw conclusions. But those comparisons of before and after are only useful if all other factors remained equal. Economists use the phrase, "ceteres parabis", or "all else being equal", before they present economic conclusions. I did learn something in micro econ 210 all those years ago. Well did all else remain equal before and after the bankruptcy reorg? Seems to me, no, they did not. You had nationwide recession, and you had railroad deregulation under Staggers. Two collosal hits to the industry right at that moment. It's such a complicated mess that I don't think we'll figure it out here on Trains.com at this late date. The people there made the decisions they had to and the ones that seemed right at the time. I'll give them the benefit of the doubt and let the thing rest in peace. <br /> <br />
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