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Interesting Historical Fact

Discussion in 'Economics and Financials' started by texasPHINSfan, Oct 3, 2008.

  1. texasPHINSfan

    texasPHINSfan New Member

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    Two weeks ago was the ten year anniversary of the collapse of Long-Term Capital Management.

    When this hedge fund teetered on the brink in 1998, Bear Stearns was the only big Wall Street firm that refused to participate in the rescue.

    Lehman Brothers decided to hold back, and only put up $100 million rather than $300 million that the Fed requested from participating firms.

    With the demise of Bear and Lehman, perhaps the Street just has a really good memory?? ;)

    [​IMG]
     
  2. FiN.in.RI

    FiN.in.RI Paul pierced through..

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    Dec 3, 2007
    the Heart
    Karma is a *****
     
    texasPHINSfan likes this.
  3. adamprez2003

    adamprez2003 Senior Member

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    its always september and october. lol. dont know why? bears come out of hibernation or something lol
     

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