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To: MY OPINION who wrote (52499)10/5/1998 11:41:00 PM
From: boogieman  Read Replies (1) | Respond to of 55532
 
Daddy...........

Heres some more for ya........
Taken from here: biz.yahoo.com
<<Merrill said exposure to hedge funds was backed by $1.99 billion of
collateral - mostly cash, U.S. Treasuries and U.S. agency securities -
and its net exposure was $84 million.
Merrill also said LTCM owed it the most among the hedge funds but the
exposure, at $1.4 billion, was fully collateralized. The remaining hedge fund exposure - about $700 million - was broadly diversified, the firm said.
Its second largest hedge fund exposure was less than 15 percent of the
exposure to Long-Term Capital, it said.
Merrill's top executives, including Chairman David Komansky, also had a total of $22 million of their own money nvested in LTCM. The company was an early investor in LTCM, chipping in $15 million at the fund's inception in 1994.
Merrill said its original equity investment in LTCM before last week's
rescue was less than $2 million and the amount had been fully reserved.>>
And from here:
dailynews.yahoo.com
<<On Wall Street, Long-Term Capital's partners are known as
''friends of Alan,'' a reference to Greenspan. One Long-Term Capital partner, David Mullins Jr., is a former Fed vice chairman.

Don't Be Good..
The Boogieman