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To: John Hunt who wrote (16489)	9/24/1998 5:46:00 AM
From: John Hunt	Read Replies (1) of 18056

Not So Meriwether! nypostonline.com The irony is in the name. Long Term Capital and its head, former Salomon Brothers kingpin John Meriwether, virtually hit the end of the line in less time than it takes for a five-year government security to mature. Yesterday the Greenwich, Conn. hedge fund and its illustrious band of managers were scrambling to secure a lifeline that would keep the fund afloat - for now. By late in the day, Long Term Capital's future looked to be in the hands of the Federal Reserve which came into the situation after the company's regular lenders seemed to balk at helping. A source close to the situation would only say that Long Term's situation remained unresolved. But there were reports that the Fed was putting a rescue package together that would keep Long Term afloat long enough so that its portfolio could be liquidated in an orderly fashion. The Fed's concern seemed to revolve around the government securities held by Meriwether's firm. >>

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