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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Monty Lenard who wrote (28810)	9/24/1998 7:36:00 PM
From: HairBall	Read Replies (2) \| Respond to of 94695

Monty: LTCM leveraged 4 billion to almost 100 billion. The banks and brokerage houses are equally to blame for lending the money! The Fed was worried this would put several banks at major risk! So, another 3.5 billion to buy time hopping the market will go in the direction of the hedge fund's bet! Scary... Regards, LG

To: Monty Lenard who wrote (28810)	9/24/1998 10:34:00 PM
From: yard_man	Read Replies (1) \| Respond to of 94695

All those guys are on the hook and want to know how come these guys lost their money, too. (They already lost some of it on their own without the help of LTCM. ) The name itself is pretty funny when you think about it. Long Term what? Sounds like some outfit that is suppose to preserve capital for the long term. Heh heh heh -- wait till lawmakers get a load of this. Did you see the comment by the guy (CEO) at UBS, that they would likely win it back or some such something? What a riot!!