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To: John Hunt who wrote (16509)	9/25/1998 8:28:00 PM
From: John Hunt	Read Replies (2) of 18056

Dresdner caught in LTCM net scmp.com << Germany's Dresdner Bank has emerged as the latest victim of investments in Long Term Capital Management (LTCM), the giant United States hedge fund being bailed out by a consortium of international banks. >> << "There is a very real danger here that we could be entering a meltdown phase globally for the banking sector," said one analyst. "After the Asian crisis, and the turmoil in Latin America, all you need to add to the pot is a complete lack of confidence in the world's financial institutions, to create an entire collapse of markets everywhere." >>

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