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To: Investor2 who wrote (6895)9/24/1998 6:42:00 AM
From: eddie r gammon  Read Replies (2) | Respond to of 86076
 
Here a paragraph from Flecks piece that may shed a little light on it (g)

"Interestingly, Easy Al decided to make this announcement on a
day when Long Term Capital, a large hedge fund partially run by
ex-Fed vice chairman David Mullins (a master of the universe
and buddy of Al's), in essence blew up. They had about $5 billion
in capital and they supported about $100 billion in assets. The
firm lost over 40 percent in August and TODAY appears to be
bankrupt. The reverberations from this debacle will be felt for a
while."

erg