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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (96637)7/21/2002 10:47:52 AM
From: Zeev Hed  Read Replies (2) | Respond to of 99280
 
The LTCM owners original "accredited investors" where taken to the cleaner, they ended up with practically zip. The sudden undoing of their hedges could have been catastrophic to the market, organizing a consortium of private banks to take them over and clean their book was not a problem, IMTO.

Zeev