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I think it boils down to: Where is the proof that FRN are infact debt instruments? Can you pay a debt with a debt in the USA? And-Can anyone provide proof of this?
All I've seen so far is opinion, and then along comes Shoonra with some case law, and BANG! I think it was very nice of this Shoonra to take the time to even look. let alone take the time to post his/her findings on here. Shoonra has provided something more than a mere opinion on FRN, thank you Shoonra.
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