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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (6679)	9/25/1998 12:03:00 AM
From: NickSE	Respond to of 9980

Thanks for the insight. Here's a little more info. In this light they had an interest in making sure LTC was wrapped up efficiently with the minimum of fuss and muss. So they sit down with the banks and suggest 'ok guys work together on this' and they probably made certain structural changes. economeister.com As New York Fed spokesman Peter Bakstansky put it, "We facilitated the meeting. We wanted to learn more about the exposures and the flows of funds and to what degree they might present a potential for systemic problems and also to help participants in the marketplace resolve these issues."

To: Henry Volquardsen who wrote (6679)	9/25/1998 12:05:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 9980

>>You ask is it possible that the Fed is trying to punish these hedge funds. This is in fact something I've been wondering about. I don't believe this is what happened in the case of LTC but I think it is quite possible in the currency markets that the central banks are looking for aw way to put the speculative genie back in its bottle for awhile.<< Henry, Maybe I should pose this question to you instead of Mark. When AG tried to jawbone the market down (successfully) with his "irrational exuberance" speech, why didn't he put the brakes on the "speculators" by raising margin requirements? bp