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To: Ramsey Su who wrote (53729)	9/24/1998 12:03:00 PM
From: Lee	Respond to of 58727

Hi Ramsey,..Re:I have no idea what this LTC invested in. From thestreet.com Jim Cramer's column entitled The Weak Link had the following remarks. archive.thestreet.com Wrong! Rear Echelon Revelations: The Weak Link Long Term Capital makes its living by borrowing huge amounts of money to take advantage of discrepancies in various markets. Again, we know from public reports that Long Term had investments that blew up in Russia. But we also know that it was a large player in the mortgage market. I am sure it was a huge customer of securitized mortgage pools, most of which have been devastated by prepayments caused by the shockingly low long-term rates. Another story from the same source with Free Access. thestreet.com Market Features: Update Long Term Capital Gets $3.5 Billion from Banks Considering the action yesterday, unless the bailout info came at 2:50 pm, looks like once bonds closed SP8Z lifted off. This was following specific Q&A for AG. Regards, Lee