Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: eddie r gammon who wrote (7002)	9/25/1998 9:32:00 AM
From: yard_man	Read Replies (1) \| Respond to of 86076

Does this sound suspicious to anyone else? Deutsche says had no stake in LTCM fund FRANKFURT, Sept 25 (Reuters) - Deutsche Bank AG (quote from Yahoo! UK & Ireland: DBKG.F) said on Friday it had no stake in the struggling U.S. hedge fund, Long-Term Capital Management, but that it planned a $300 million participation in the LTCM rescue package. The bank said in a statement that it did not make unsecured funds available to the hedge fund. However, Deutsche said it would help the Fed-brokered rescue plan ''becuase (Deutsche) is one of the biggest participants in the global financial markets and wishes to avoid the turmoil that the collapse of the hedge fund would bring to these markets.'' The $300 million contribution would be unsecured, Deutsche said, and so far it had suffered no direct loss from the LCTM crisis.