Comment 2 for bug 384892

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Tobias C. Rittweiler (tcr) wrote : Re: COMPILE does a better job if there is an additional lambda (result-type derivation losage involving &more)

The problem is more general than indicated at first.

I stumbled upon this bug a few months later, and came to the
same conclusion as Nikodemus regarding symptomatic
reasons:

  http://article.gmane.org/gmane.lisp.steel-bank.devel/14430