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Strategies & Market Trends : Waiting for the big Kahuna
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To: P.T.Burnem who wrote (31749)10/16/1998 2:30:00 AM
From: ratan lal  Read Replies (2) of 94695
 
I can almost say with certainty that the rate cut was made to pay for the gmabling debts of LTCG and its crony banks that forked up the initial 100,000,000,000 on $2,000,000,000 of capital and then had to plunk out another 3,000,000,000 to help LTCG stay in biz for a couple of weeks till AG and gang could save their asses.

Damn this is the most blatant use of power and authority I have ever seen. Someday someone will dig into the details and find out who did what and why and for HOW MUCH.
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