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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (1177)9/24/1998 9:31:00 AM
From: Lars  Respond to of 15132
 
Investor2,

>>>
RE: "The Fed should not be trying to save this hedge fund. Let the free market rule."

I agree.
>>>
I am surprised at this news. Interesting.

It is obvious regardless of what politicians say that if we help bail out a multi millionaire like Meriweather that we obviously bail out emerging countries for the banks too, not the countries. I marvel at how they always say we do this as an act of goodwill for a trading partner (ie Mexico a few yrs back). The banks were just ignorant and had billions at stake.