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To: DO$Kapital who wrote (68735)10/2/1998 2:55:00 AM
From: DO$Kapital  Read Replies (1) | Respond to of 176387
 
ADDENDUM:

RE: LONG TERM CAPITAL MANAGEMENT,,,INSULT TO INJURY DEPARTMENT:

<<<<WOODS: Committee chairman Jim Leach was skeptical the Fed orchestrated bail out was
needed. That's because there was already an offer to buy some of the fund's investments,
reportedly made by billionaire Warren Buffett. It came just as the bankers and brokers
considering taking over the fund, were gathered at the New York Fed.

MCDONOUGH: Long Term Capital Management clearly understood that there is a
possibility of another offer in the making. And they, in effect, played a bit of a game and
appeared to have won that game.

WOODS: Many members worry the Fed sent the wrong message with its bail out of wealthy
investors....>>>>>>>



To: DO$Kapital who wrote (68735)10/2/1998 8:12:00 AM
From: ace al  Read Replies (3) | Respond to of 176387
 
JFTDOI,I agree,the AG & FED plays on investors emotions. They know what buttons to push! What we as the small fries of the market have to do is treat this like a game! The people who love money will be the biggest losers, this is what drives emotional fear! Don't let anyone kid you the super rich profit in any conditions! If your going to wear that bear costume put a BULL head on it! We're moving into the 21st century and our economy is going backwards???? I'll never believe that! The world is economically evolving before our eyes and sure there will be growing pains but we will only go through this one time. Can you imagine capitalism though out the world and what that would mean to corporations in the U.S. and their shareholders! I'm betting that mankind will not live in the past! I know Michael isn't!
GO DELL!!!!!!!

AL T