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Re: Hedge Funds



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It seems my message got clipped.  Here's another try...

>Suprise!  Looks like LTCM isn't the only one having problems.  Check
>out:
>
<<Big Snip>>

David, Michael, Tim,

It's entirely possible there is significantly more bad news to come, we're
all just speculating here (excuse the pun), but here's the question I would
love an answer to.  If the potential collapse of LTCM would have caused
financial Armageddon that would've brought down even the large investment
banks in question, why were they so hesistant to come to the aid of LTCM to
begin with?  Why did it take the involvement of Greenspan to get these guys
to cough up the money?