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

To: robnhood who wrote (28885)9/25/1998 6:53:00 AM
From: William H Huebl  Read Replies (2) | Respond to of 94695
 
Russell,

Thanks for the post. I read the link and found:

<<Top government officials downplayed the threat of a wider risk to the financial system from the near-collapse of Long-Term Capital.

''I don't know if anything in that area that rises to the level of a systemic risk at this time,'' Treasury Secretary Robert Rubin said.>>

Phew! You REALLY had me going on THAT one! But maybe they just are not saying how severe things are???

Bill



To: robnhood who wrote (28885)9/25/1998 7:48:00 AM
From: flickerful  Respond to of 94695
 
r................thanks for posting. ouch.<eom>



To: robnhood who wrote (28885)9/25/1998 7:55:00 AM
From: Monty Lenard  Respond to of 94695
 
rrman, here I go with my bad attitude about bailing out ANYTHING. But if the truth was know, we would probably find that a number of BLIND TRUSTS are investors in LTCM and the owners of the blind trusts would probably lead to some very powerful people.

Just in case anyone doesn't remember BLIND TRUSTS. They are set up by politicians so they can CLAIM they have no control over nor knowledge of how or where the money is invested. :-)

Monty


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