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

To: Mama Bear who wrote (10)	9/27/1998 9:06:00 PM
From: Pancho Villa	Respond to of 287

Barb, IMO the GS IPO delay and the TLC failure* are more directly related than they will admit, IPO disclosure is a BIG issue. *yes IMO they ain't gonna make it. 25-1 leverage! a 4% swing wipes you out. Some one has already cried fire people are already looking for the exits. I think I have read in more than one source that LEH contributed $100 million (Bloomberg): List of Banks, Securities Firms Leading Bailout of LTCM (Table) 9/25/98 16:12 List of Banks, Securities Firms Leading Bailout of LTCM (Table) Bank Investment in Write-Offs/ Long-Term Capital Exposure Bankers Trust $300 million Barclays $300 million Chase $300 million Manhattan Bank Credit Suisse $300 million $55 million First Boston equity stake Deutsche Bank $300 million no equity stake Dresdner Bank DM240 million ($144 million) equity stake Goldman Sachs $300 million Merrill Lynch $300 million J.P. Morgan $300 million Morgan Stanley $300 million Dean Witter Salomon Smith $300 million Barney UBS $300 million SF950 million ($685.7 million) equity stake + trades with Long-Term Capital Societe Generale $125 million Lehman Brothers $100 million Paribas $100 million no prior equity stake/ $16.7 million syndicated loan + trades with Long-Term Capital