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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?


To: Henry Volquardsen who wrote (983)10/27/1999 12:55:00 PM
From: Merritt  Read Replies (1) | Respond to of 2794
 
Henry:

<<What I would be interested in knowing is what the Fed has done to enforce internal controls at that level since that is where some of the biggest failures were.>>

Wouldn't we all.

As to the banks not sustaining massive losses from last Fall's fall, that doesn't mean too much to me as the drop wasn't protracted enough to be reflected in their derivative exposure.



To: Henry Volquardsen who wrote (983)10/27/1999 3:15:00 PM
From: don pagach  Read Replies (2) | Respond to of 2794
 
Henry,

Thanks for your posts. Is there an article that does a good job of giving a post-mortem on LTCM? Not a fluff piece but one that focuses on the issues that you have mentioned-lack of internal controls and transperency?

Thanks in advance,
Don