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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: oldirtybastard who wrote (148291)2/4/2002 11:34:16 AM
From: marginmike  Read Replies (1) of 436258
 
actually Enron and LTCM both crashed because of a loss of confidince by the markets, and the feeding frenzy attacks on their positions when blood was in the water. ENRON and LTCM had derivitive positions revealed to others who attacked theri positions creating a snowball of loss of confidence and declining values in positions.
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