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A "Once in a Century" Event?

posted by Avatar vlad250 1347 days ago in USD, Fundamental made popular 1347 days ago

Ten years ago, the New York Federal Reserve Bank called upon Lehman Bros. and a handful of other major players on Wall Street to rescue a high-flying hedge fund. The firms grumped and whined...but they came up with the money, $3.7 billion. The rescue was a success. LTCM’s positions were unwound slowly; there was no panic; Wall Street soon went back
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