Hedge fund fallout & Other Merry Weather

Doug Henwood dhenwood at panix.com
Thu Oct 1 12:06:31 PDT 1998


Brad De Long wrote:


>The New York Federal Reserve loaned the LCTM creditors the use of a
>conference room, told them they had a problem, and suggested strongly that
>they solve it. This is the lightest of possible government interventions...

Right, just like a suggestion from John Gotti in his heyday would have been offered in a purely advisory, take it or leave it spirit.

Doug



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