On Feb 5, 2008, at 8:20 PM, Jim Devine wrote:

the impact of the fall of LTCM would have been bigger if the Fed
hadn't organized a bail-out.

That's what its there for, isn't it?  Effects take place within systems.

Shane Mage

"Thunderbolt steers all things...it consents and does not consent to
be called Zeus."

Herakleitos of Ephesos

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