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Politics : Formerly About Applied Materials
AMAT 226.05+1.3%Nov 14 9:30 AM EST

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To: Wildstar who wrote (24962)10/7/1998 4:40:00 PM
From: BelowTheCrowd  Read Replies (2) of 70976
 
> The politicians in Japan have proven that they are not willing to take any action...

And so has the Fed over here.

The lack of action in the wake of LTCM is a very nasty indication of Japanese tendencies over here as well. The attitude seems to be that "if we put a band aid on it and claim it was fixed, then everything is rosy." The fact that there could be another 100 LTCMs out there is conveniently ignored.

mg
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