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REFCO TRADING AT NYMEX

A broker with Refco, left, and his college, make trades in the crude oil pit at the New York Mercantile Exchange on October 25, 2005 in New York City. A group of investors, including Merrill Lynch, withdrew their bid to buy Refco's brokerage business and save it from bankruptcy after a disagreement over break-up fees. (UPI Photo/Monika Graff)

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