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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (60070)5/20/1999 9:50:00 PM
From: re3  Read Replies (1) | Respond to of 132070
 
MB, if Chastie has to be bailed out...won't there be pandemonium on wall street...I mean ltcm was just a bloody hedge fund...who knew of them except the Nobel prize voters <ng>

OTOH, what if they have the 'right' derivatives and someone else has the 'wrong' ones ...is this possible ?

Have you ever wondered how much it costs America to manage derivatives...it sounds like sending a bloke or two to the moon was a cheaper and more useful venture !??

Howard