Re: Let's be more moderate

From: Gumpwine
Affiliation:
Address: brettmuney@comcast.net
Date: 08 Oct 2007
Time: 10:32:32

Comments

I would agree with you in some degree, but if you really go back before hedge funds became prevalent, the financial markets almost came to a halt in the late 70's when North Korea assassinated the South Korean premier. No one had any faith in the credit markets in Asia because only the big banks did any business and they weren't willing to take a risk. Now we have the blowup of Amaranth and the financial markets don't even give it a second thought.

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