LTCM

[JayHecht at aol.com]

Goug,

I thought Barron's, uh, like sucks!

<< 

 >On that score, it's sobering to note that $125 billion of the

 >total of $365 billion of commercial loans made in this country last year

 >were extended to finance securities dealings. >>

Scholes & Co. averaged aboit a 50% return since 1995.  Also, UBS had made
personal loans to managers to "Long Term Capital" - what a truely IRONIC name
for a hedge fund!!!!  This is a great time to be teaching a course in banking
and fin instituions - every fact and idea in the text is wholly incapable of
understanding anything going on!!!

Jason  

Jason