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To: Haim R. Branisteanu who wrote (16998)	11/4/1998 10:57:00 AM
From: John Hunt	Read Replies (2) of 18056

How Long-Term Capital Rocked Stocks, Too #reply-6282146 << It wasn't just the bond market that LTCM endangered. It's widely believed that Long-Term Capital Management nearly collapsed because of huge bond trades. But that's only part of the story. Equally important were its gargantuan equity positions. What really shocked and alarmed Wall Street banks and brokerages was the havoc that an LTCM collapse would wreak in the stock market. ''We were most concerned about the equity book,'' says Jon S. Corzine, chairman, Goldman, Sachs & Co., referring to LTCM's equity holdings...... >> More ugly details of the LTCM problem.

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