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To: MrGreenJeans who wrote (1200)9/25/1998 8:24:00 AM
From: Wally Mastroly  Read Replies (1) | Respond to of 15132
 
"Are there more hedge-based or derivative-based crises on the horizon?"

usatoday.com

> ..Hedge funds are largely unregulated investment funds. While the
Federal Reserve has no jurisdiction over hedge funds, it does have a
responsibility for the nation's banks. The effect on the commercial
banks, which had made loans to Long-Term, was one of the reasons
the Fed stepped up to help..<