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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?


To: robnhood who wrote (400)10/6/1998 6:10:00 AM
From: Henry Volquardsen  Read Replies (1) | Respond to of 2794
 
russell,

since the usual procedure for financial collateral is for it to be held by the lender I doubt the same collateral was used for multiple loans, at least without lender acquiesence. In all likelihood several institutions were making unsecured loans in violation of their own collateral guidelines and are trying to cover it up by claiming LTCM provided the same collateral for multiple loans.

Henry