SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (6658)9/24/1998 1:43:00 PM
From: Henry Volquardsen  Read Replies (1) | Respond to of 9980
 
Ramsey,

The difference between the Fed and the HKMA is that the Fed didn't put up any of our money. They brokered a deal that kept a structure in place that would allow an orderly liquidation of the positions and prevented any confusion in the functioning of the US treasury market (where LTC had big repo positions).

Henry



To: Ramsey Su who wrote (6658)9/24/1998 1:53:00 PM
From: Paul Berliner  Respond to of 9980
 
The Fed supposedly pulled some strings because of the exhaustive list of respected financial gurus with ties to Long Term Capital, including the head fed of NY.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News