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


To: Follies who wrote (29183)9/28/1998 6:55:00 AM
From: robnhood  Respond to of 94695
 
dale,, I read somewhere that about a year ago that LTCM, paid out 2.25 billion (?),, saying they could not find any good places to put the money... I was left with the impression that plenty was still left..

russell




To: Follies who wrote (29183)9/28/1998 9:14:00 AM
From: James F. Hopkins  Read Replies (3) | Respond to of 94695
 
Hi Dale; I can't find any info on LTCM, other than what we hear in
the news. They say it was a hedge fund, but if so it was well in the
shadows and out of sight from the public until this fiasco.
Was or is it in any way connected to the Japanese Long Term Bank ?
The entire thing looks fishy and I suspect we are not yet getting
the truth about this. I don't know what to believe , but this is
the type of clandestine operations in the market that for some
reason GreenSpam and friends wish to leave unregulated while
stifling investigations by the SEC and Congress into them.
Jim