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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: Ken Benes who wrote (35700)	6/22/1999 5:30:00 PM
From: Lalit Jain	Read Replies (1) of 116837

Fed's Meyer sees no imminent risk of LTCM repeat WASHINGTON, June 22 (Reuters) - U.S. Federal Reserve Governor Laurence Meyer said on Tuesday he saw no near-term risk of another major hedge fund collapse along the lines of the failure of Long-Term Capital Management last year. ''I don't have any information that would lead me to believe that this is an imminent risk,'' he told reporters after delivering a speech to a housing conference. The near-bankruptcy of LTCM shook world financial markets and prompted a $3.6 billion bailout by a group of 14 banks and securities firms, orchestrated by the New York Fed. biz.yahoo.com

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