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


To: Knighty Tin who wrote (60465)5/24/1999 10:42:00 AM
From: ForYourEyesOnly  Read Replies (1) | Respond to of 132070
 
Da Boyz calling the shots part 2:

If the LTCM bailout wasn't da boyz taking care of their cronies, what was it?

.......LTCM catered to the elite investor. The minimum investment was $10 million, and investors had to turn over their money for at least three years, while receiving little or no information about the nature of the fund's operations. The partnership was not legally required to give an accounting to any regulatory agency or even to its own investors.........