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Strategies & Market Trends : Asia Forum

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To: Michael Sphar who wrote (6772)9/28/1998 1:10:00 PM
From: Bosco  Read Replies (1) of 9980
 
G'day all - regarding LTCM, after letting it sink in for a while, IMHO, usual explanations aside, it is possible that it serves as a message to the FED counterpart in Japan: a country should bear some responsibility to its respective financial institutions. AFA the US history is concerned, bail out is a mixed bag: "No" to NYC; "Yes" to Chrysler; "No" to Drexel; "Yes" to Mexico [ok, this empirical enumerication is slightly flawed since different bailouts have been sponsored [or rejected] by different govt bodies.] Still, I think this is to support the claim that the LTCM case can be more than to meet the eye.

best, Bosco
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