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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: BelowTheCrowd who wrote (25002)10/7/1998 4:43:00 PM
From: Katherine Derbyshire  Read Replies (1) | Respond to of 70976
 
What's the Fed supposed to do about other LTCMs? Neither the Fed nor the SEC has any direct regulatory authority over them.

Katherine



To: BelowTheCrowd who wrote (25002)10/7/1998 6:56:00 PM
From: Jacob Snyder  Respond to of 70976
 
re: "there could be another 100 LTCMs out there"

100?

That would require 200 Nobel Prize winners in Economics, to achieve hubris on such a scale.

Seriously, though, the decline in the value of their stock options must be concentrating the minds of lots of senior bank officers. They must all be very busy right now, looking in every closet, and under every rug, muttering over and over, "Where's the risk, where's the risk......."


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