Hedge fund fallout & Other Merry Weather

[Brad De Long]

>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

Oh, I'm sure that they are taking names... and will remember who was not so
"helpful."

But Bear Sterns and Lehman refused to pony up their share, no?