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Strategies & Market Trends : Pancho Villa's Short Analysis File -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (9)	9/27/1998 8:56:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 287

Pancho, according to today's Washington Post Lehman Bros. ponied up $300 million. Unfortunately the table that appears in the print edition doesn't appear on the Post web version, but the underlying story can be found at: washingtonpost.com The table in the print edition says that Bear Stearns and Credit Agricole refused to participate. My first thought was that there are two firms that don't throw good money after bad. It is interesting that your perception is that they don't have the money to do it. I suppose either could be accurate. I think that GS delayed their IPO because they're not going to get the money that they thought they would. At least inasmuch as the LTC debacle has caused the slide in the value of the brokerages it caused the delay in the IPO. It could of course be a more direct cause and effect. Barb