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Technology Stocks : Intel Corporation (INTC)
INTC 40.22-0.8%2:01 PM EST
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To: ratan lal who wrote (124296)1/5/2001 1:30:50 PM
From: GVTucker  Read Replies (1) of 186894
 
ratan, RE: Then why did they come to their rescue and screw up the markets for people who were short knowing the huge problem that existed in the marketplace??

I think that the Fed's involvement in the LTCM debacle was Greenspan's biggest mistake of his tenure. The market was in the process of taking care of LTCM just fine, with little impact of overall capital markets.

The unintended consequence was that the markets began to assume the myth of the Greenspan put.
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