Yes. The Federal Reserve orchestrated the bailout of the hedge fund Long
Term Capital Management, using $3.5 billion provided by the private sector.
See:
www.t-bird.edu/pdf/about_us/case_series/e06990020.pdf
Peter Fisher was the moving force behind Bush's Presidential Commission on
the U.S
Didn't Peter Fisher do some of the heavy lifting in putting Long Term
Credit Mgmt. together after it crashed?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
