Discuss the potential financial benefit of debentures issued by Watsa and the impact it has on shareholders' opinions.
Couldn't agree more. Basically the debentures being issued here are for Watsa's benefit. The guy lost a ton on the shares when he was pumping this at $18-$25 but he's been able to make a profit off the backs of shareholders nonetheless.  Yes, it does stink to high heaven but there are enough gullible fools who praise this outfit nonetheless.