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To: Alex who wrote (22224)10/24/1998 8:49:00 PM
From: PaulM  Read Replies (1) | Respond to of 116796
 
LTCM, other Fed Bailouts and Gold

"It is the unwillingness of the FED to allow any individual failure either on the part of banks or corporations that...puts the entire system at risk"

gold-eagle.com

Alex, how true. When banks run into trouble lending to a fund leveraged 250 times over, the term "liquidity crisis" seems a bit misleading. Induced "stupidity crisis" comes to mind.