DAMN, I'M GOOD! I called ole G/Sach's involvement in t'bailout, all the while helping themselves to the gold. And I made my statement before I read it even on your post of that article! NICE WORK, SCOTTY! Rubin and Ayn Rand's finest pupil, whattaduo, eh?
Re-read this snip from your article:
"The details of the financing were not immediately disclosed but LTCM said the consortium that is taking a new equity position in the hedge fund is setting up an oversight committee including "representatives of Goldman Sachs, Merrill Lynch, Morgan Stanley Dean Witter, Travelers group, and UBS."
(my note: their article's order of Importance, unless they have a thing for the alphabet!heh heh heh)
BTW, FOLKS when you read that UBS line...guess whato they are really talking about...ayup!!! G O L D!
So, our question is: How many more Fractional Deals can the Fed Reserve Cut to bail out GLOBAL Drowning Hedge funds to keep the world running smoothly?
And all this occured while Alan was yammerin' on Capitol Hill t'day...
O/49r |
