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To: Rarebird who wrote (38490)	8/6/1999 2:51:00 PM
From: Bobby Yellin	Respond to of 116764

thanks for posting that bobby newsunlimited.co.uk

To: Rarebird who wrote (38490)	8/6/1999 8:10:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116764

We have just received word from a reliable source that the renowned hedge fund, Tiger, is in deep, deep trouble and in even worse shape that we have been reporting to you. The latest news is they are about to be hit with a $6 billion dollar redemption. At best, that will mean their capital base will have dropped from $22 billion to $6 billion - and perhaps it could be lower. In addition we have been told that 50% the staff has left. If true, and our source is impeccable, it can explain why the swamp spreads are at such high levels - which indicates that there is tremendous stress in the credit system. If this is the case rarebird, it is possible that this will impact the Fed's decision to raise rates or not. It would be interesting if the rumour were true that 50% of the staff were gone. That would be something that should be easy to verify for those with connections in the hedge fund marketplace. But remember what happened last time. The Fed acted by increasing liquidity and lowering rates. They certainly have no desire to punish the entire market solely on the malfeasance of a few parties/counter-parties. It will be interesting to watch. But I still have to wonder why the Fed would adopt a tightening bias under such circumstances. We'll see. Regards, Ron Regards, Ron