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To: Cynic 2005 who wrote (14672)1/5/1999 6:23:00 PM
From: IceShark  Read Replies (1) | Respond to of 86076
 
Meyer reiterated that the Fed's role in LTCM could not be construed as a bailout or an extension of that safety net because no public funds were used.

What a crock of stinking pig shit! I suppose running the printing presses isn't a use of public "funds". Tell that to the Russians or Germans of WWII era. Ok, I'll calm down, since they are not good analogies. -nfg-