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Berkshire Hathaway Inc. Message Board

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  • ddelruss ddelruss Oct 2, 1998 1:24 PM Flag

    sky is falling

    "I doubt LTCM is that stupid. Already more than 3
    billions injected to LTCM, not that desparate. Wall Street
    just want
    to a dirt cheap impression to WEB. Maybe
    80 cents for 1 buck. "

    Actually, they
    accepted .10 for a buck.

    They didn't really get
    bailed out. They just found a buyer who wouldn't
    fire-sale the holdings. The investors don't own anything
    anymore, they get to split 450 million.

    The only
    savings here is the market, which doesn't suffer all the
    selling, and maybe the banks, if they got a good buy for
    the fund. That will remain to be seen.

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