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

To: HairBall who wrote (28811)9/24/1998 7:42:00 PM
From: Monty Lenard  Read Replies (1) | Respond to of 94695
 
LTCM's predicament was met with a degree of cynicism in the markets.

"It comes down to the adage of 'fear and greed'," the US bank trader said.

"Obviously these guys had greed beyond any measure of fear and they are not even paying the consequences. The banking system is having to bail them out because they are so scared that if [LTCM] goes down it will take the banks down."

Here is why I say let them BURN

This is also why I said to someone here the other day that Soros had an motive behind his request to congress to put more money in the IMF.

Lets you and I go to washington and see how much money the devils will give us.

Monty



To: HairBall who wrote (28811)9/24/1998 9:23:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 94695
 
LG, do you know how much leverage a commercial bank has?? Just check the assets to equity ratio.

LTCM was not leveraged much more than a commercial bank is. But if loans go south, you have the S&L debacle, spread turn negative you have Hedge Funds debacle.

BWDIK

Haim


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