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Pastimes : CNBC -- critique.

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To: Ted David who wrote (2923)	6/14/1999 3:16:00 PM
From: Gary M. Reed	Read Replies (3) of 17683

Ted, What is the possibility that a CNBC reporter could investigate who is spreading the rumors about "a hedge fund going bust..." CNBC has reported several times that there were rumors that Tiger Management was in a liquidity crunch, and this rumor is/was having an effect on the market simular to Long Term Capital Management last fall. Tiger Mgt says this is totally false. If it is, I would think the S.E.C. would be interested in cracking down on whoever is spreading these untrue rumors. I would also think it would be great fodder for a CNBC reporter to look into. Tracking down the source of the rumor shouldn't be that tough, so wouldn't it be an interesting segment for someone like Faber to identify the source of the untrue rumor and finger them as far as what their motive was? As an investor, I think that would be very interesting. I know that if I spread untrue rumors to manipulate a market that I had a material interest in, the S.E.C. would crack down on me in a NY minute. Maybe a CNBC reporter can give the S.E.C. a little "nudge." Gary

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