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Politics : Ask Michael Burke
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To: kahunabear who wrote (33153)10/1/1998 11:26:00 AM
From: kahunabear  Read Replies (2) of 132070
 
I am sitting here listening to Big Al Greenspan talk about gradually liquidating LTCM so as not to cause a panic and get better prices. Sorry to say it Al, but I think everyone would have been a lot better off if they had just let them liquidate on their own. This is anything but orderly. Just amazing.

What do I have to do to get them to come save may ass the next time I get a margin call ?? How do I get one of those loans to margin up to my gills ? Maybe I could buy a bunch of GTW. <gg>

Of course, I don't ever use it. I have a little '87 experience that keeps that from ever happening again. Thank goodness they had 5 day settlements back then or I would have been toast.

I think he said something about systems never work. He needs one of those new phones to clear up his expression of ideas.

WS
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