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To: Chip McVickar who wrote (889)10/13/1998 2:22:00 PM
From: Robert Douglas  Read Replies (3) | Respond to of 3536
 
Long-Term Capital and Fortune Magazine.

Having just read Fortune's article on LTC and the involvement of Warren Buffett, I think the New York Fed president, McDonough, was duped and should resign. To quote the article; “Buffett believes his offer failed because it would leave LTCM's principals with little money and no jobs.”

Anyone else read the piece and have comments?

-Robert



To: Chip McVickar who wrote (889)10/13/1998 3:50:00 PM
From: Chip McVickar  Respond to of 3536
 
Thread

For those who are interested in economic theories on free vs controled
markets - capital controls vs floating rates, pegged currencies and
fixed exchange rates[there is a difference]....will find this article
very interesting.

The Wall Street Journal - Tues 13th Oct - page A22
"Markets to the Rescue"
by Milton Friedman

Sorry no link
Chip