From Jim Sinclair:
A Special Alert Regarding Pensions

I received a very important call from a steel worker who just received a DEFICIENCY NOTICE from his pension plan. I understand that the Teamsters Union has sent out the same notice to its members.

I would like to add another item that needs to be attended to. Those of you that have the ability to withdraw from your pension plans do so immediately, hopefully at the last stated value as many of these entities are up to their nose in SIVs and multiple other forms of derivatives.

What a mess. Nothing has changed.
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