4 ms·
Weren't there similar, though less dramatic circumstances in 1999 too though? ISTR that Alan Greenspan lowered interest rates in order to help fight the LTCM fi
by leoc 13y ago
Weren't there similar, though less dramatic circumstances in 1999 too though? ISTR that Alan Greenspan lowered interest rates in order to help fight the LTCM fire.
- mikecb 13y agoThat was in 1997 though. As was the Asian crash and Russia default (which partly caused LTCM), so there are plenty of other reasons for the Fed action.