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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (20143)	9/30/1998 4:28:00 PM
From: waldo	Read Replies (1) \| Respond to of 116764

Dow ends weaker after worst quarter in eight years biz.yahoo.com The biggest winners this quarter were the gold funds...next quarter should be interesting! :>))) W

To: long-gone who wrote (20143)	9/30/1998 7:43:00 PM
From: Alex	Respond to of 116764

AIG, Buffett made bid for ailing hedge fund - WSJ NEW YORK, Sept 30 (Reuters) - Investor Warren Buffett, American International Group (NYSE:AIG - news) and Goldman Sachs & Co. offered last week to buy Long-Term Capital Management LP for $250 million, a newspaper reported Wednesday. According to this morning's editions of the Wall Street Journal, the Buffet bid would have required the ouster of Long-Term Capital founder John Meriwether. The hedge fund rejected the offer, and later that same day agreed to a huge rescue plan involving 15 banks including Goldman and also the Federal Reserve, the paper reported. Under the alternate bid, the fund's investors would have received 5 percent of the $4.6 billion their stakes were worth, the Journal said. The buyout group intended to put up another $3.75 billion to run the portfolio, the paper added, citing sources familiar with the deal. According to the paper Buffett was not available for comment and AIG, Long-Term Capital and Goldman Sachs declined comment. biz.yahoo.com