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Robert,
What's to prevent the LTCM principles themselves from taking advantage
of LTCM's situation? Given that Hedge Funds do not have to register
with the SEC, I'm having a difficult time seeing where Controls of *any*
kind come into play in situations such as this where the last one left
holding the Bag ends up the Big Looser.
Are we in for a Feeding Frenzy of the Second Kind...sharks eating
sharks?
Dave
Robert wrote:
> <snip>
> The sharks will be circling.
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