Talk:Long-Term Capital Management/Archives/2015

Latest comment: 9 years ago by Elorium in topic 1998 Bailout


Sources

I'm retrieving some sources for some planned expansion/clean-up of the article. Posting below for now.

  • Chaffin, Joshua; Silverman, Gary, "Inside Track - Hedge fund guru back in the game - Profile John Meriwether", Financial Times date = 21 August 2000, p. 9 {{citation}}: Missing pipe in: |periodical= (help)
  • Coy, Peter; Wooley, Suzanne (21 September 1998), "Failed Wizards of Wall Street", Business Week, retrieved 2006-09-04
  • Gladwell, Malcolm (2002), "Blowing Up", The New Yorker
  • Gullapalli, Diya; Sender, Henny (18 July 2003), "Judge's Ruling in LTCM Case May Resonate", The Wall Street Journal, p. C14
  • Kambhu, John Schermann; Til Stiroh, Kevin J. (2007), "Hedge funds, financial intermediation, and systemic risk", Federal Reserve Bank of New York Economic Policy Review, 13 (3), ISSN 0147-6580
  • Kindleberger, Charles P.; Aliber, Robert (2005), Manias, Panics, and Crashes: A History of Financial Crises (5th ed.), Hoboken: Wiley, ISBN 0-471-46714-4 {{citation}}: Check |isbn= value: checksum (help)
  • Loomis, Carol J. (1998), "A House Built on Sand; John Meriwether's once-mighty Long-Term Capital has all but crumbled. So why did Warren Buffett offer to buy it?", Fortune, vol. 138, no. 8
  • Lumpkin, Stephen; Blommestein, Hans J. (1999), "Hedge funds, leverage, and the lessons of Long-Term Capital Management", Financial Market Trends, 51 (73), ISSN 0378-651X
  • Scannell, Kara (18 July 2003), "Nobel Winner Stiglitz Says Deals at LTCM Had 'No Economic Value'", The Wall Street Journal, p. C14
  • Shiller, Robert J. (2005), Irrational Exuberance (2nd ed.), Princeton: Princeton University Press, ISBN 0-691-12335-7
  • Siconolfi, Michael; Raghavan, Anita; Pacelle, Mitchell (16 November 1998), "All Bets Are Off: How the Salesmanship and Brainpower Failed at Long-Term Capital", The Wall Street Journal, p. A1
  • Spiro, Leah Nathans (25 January 1999), "The Coup at Goldman; How the fight over going public and a banker-trader clash helped topple Jon Corzine", BusinessWeek
  • Strasburg, Jenny (20 September 2008), "As Markets Swing, Meriwether Hears Echoes of His Own Collapse --- LTCM Lost Billions a Decade Ago; Now, a Second Fall?", The Wall Street Journal, p. B1

additional sources

Craig Furfine, Federal Reserve Bank of Chicago, The Costs and Benefits of Moral Suasion: Evidence from the Rescue of Long-Term Capital Management*

1998 Bailout

Bear Stearns declined to participate. Hmm. I wonder if that's why BS was fed to the wolves in 2008. —Preceding unsigned comment added by 208.74.152.146 (talk) 13:56, 2 April 2008 (UTC)


It wasn't fed to the wolves. Shareholders got $ 10.- per share up from the original offer of $ 2.- Gatorinvancouver (talk) 01:48, 3 January 2010 (UTC

There was a mistake in the list of banks that agreed to participate in the bailout. Lehman actually declined to participate (even though it said here on Wikipedia that they contributed 100 million). Some people even speculate that this is the reason Lehman was not saved in 2008. Anyway here is a source: http://eml.berkeley.edu/~webfac/craine/e137_f03/137lessons.pdf page 6 Elorium (talk) 18:16, 27 March 2015 (UTC)