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Frans
The exposure I heard quoted was $1T! That's a one with 12 zeroes after it.
Now I haven't read all the responses but will get to them tonight. X-files
are on and I'm out of here <G>.
Regards
Guy
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of derksenf
> Sent: Sunday, September 27, 1998 1:33 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Hedge Funds - Help!
>
>
> Al,
>
> If you own US$ 214.75 to your bank you have a problem.
> If you owe US$ 90 billion, the bank has a problem.
>
> In this case even Alan G., other banks and probably the tax-payers have a
> problem.
>
> BTW: Thanks Tim for your very informative posting on this subject.
>
> Trade cool,
>
> Frans
>
>
>
> At 13:09 26-09-98 -0500, you wrote:
> >As I understand it, if the fund had to liquidate their HUGE holdings in
> >TBonds, this would have depressed the market and caused great calamity in
> >the markets. Mr. Greenspan said this was to keep the markets from being
> >roiled. (Did this sound like we have to supply liquidity to Morgan
> >Stanley, Merrill Lynch, Goldman Sachs?) How do you get to be "to big to
> >fail"? Can I get the $214.75 back that I lost on my Barnes and Noble
> >short?
> >
> >Al Taglavore
> >
> >----------
> >> From: Guy Tann <grtann@xxxxxxxxxxx>
> >> To: Metastock <metastock@xxxxxxxxxxxxx>
> >> Subject: Hedge Funds - Help!
> >> Date: Friday, September 25, 1998 7:42 PM
> >>
> >> To All:
> >>
> >> Since I'm just an ignorant futures trader, I need help from all of you
> >> experts to understand what in fact a hedge fund is, how it works, why a
> >> bunch of banks had to take that one over the other day, why the market
> >would
> >> think this is good or bad, and why our banks have a potential
> trillion $
> >> exposure to other hedge fund losses (based upon the talking heads)????
> >>
> >> Is this just another thing I have to worry about? It's not enough I
> >worry
> >> about what those idiots are doing in Washington, the problems in Asia,
> >> Russia, Central & S. America and Mexico. Now I have to worry
> about hedge
> >> funds, bailing them out and the exposure to our banking system.
> >>
> >> Thanks
> >>
> >> Guy
> >>
> >>
> >>
> >
> >
>
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