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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?


To: WONG who wrote (2375)10/2/1998 5:06:00 PM
From: Tom  Read Replies (1) | Respond to of 2951
 
WONG, Wish we had the undisputed truth on this LTCM matter. Though I doubt we ever will.

The proponent argument is that the Fed afforded LTCM no monies. Also, that the monies were gotten from the institutions at risk.

I want something akin to a receivership audit of the sources of the bailout money. Better yet would be an ongoing audit of the Federal Reserve. Which would be something different, in that an external audit of the Federal Reserve is verbotten.

If I were King,.... ;|