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Will Wall Street Woes Affect The RR Industry?
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<p>I did not intend my comments regarding the underlying cause of the credit crunch to turn into a political commentary. It is an economic issue. Since they have produced a flurry of political commentary, I changed the posting to remove any reference to politics.</p><p>The accounting for derivatives is regulated by the SEC and the American Institute of Certified Public Accountants. The regulations are difficult to understand. Whether they are appropriate is beyond the reach of this forum.</p><p>Most railroads in the United States use derivatives to hedge their fuel costs. They buy diesel fuel with commodity forwards or futures contracts, which are relatively simple derivatives. </p>
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