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The Fed coordinated the LTCM buyout, but it was not public money, IIRC. A federal bailing out of a completely non FDIC insured private capital firm would be unc
by lr4444lr 6y ago
The Fed coordinated the LTCM buyout, but it was not public money, IIRC. A federal bailing out of a completely non FDIC insured private capital firm would be uncharted territory, I think.
- mathattack 6y agoIt was also a much bigger problem. Trillions, not billions, due to all the leverage they used.