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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: SwampDogg who wrote (22212)10/3/2006 9:52:58 PM
From: TheSlowLane  Read Replies (1) of 78419
 
"The financial crisis today that’s being kept quite secret is the explosion pending for more than one hedge fund."

That's exactly what I heard a week ago in Toronto. One of the people I spoke to indicated that he knew of several hedge funds that were in deep doo-doo and that Amaranth was just the one that had made headlines. He said that these funds were in work-out situations with banks as the banks were not really keen on seeing things get out of control. Lose a billion here, a billion there...pretty soon you're talking about real money.
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