Hedge Fund Operations Risks

Chairman Greenspan testified that the Federal Reserve avoided a potential financial disaster when it decided to bail out Long-Term Capital… read more

Chairman Greenspan testified that the Federal Reserve avoided a potential financial disaster when it decided to bail out Long-Term Capital Management’s hedge fund. He said that inaction by the Federal Reserve could have impaired the economies of several nations. In a contentious exchange, committee members from both parties claimed that the Federal Reserve had not performed its duties well in this matter and that more stringent regulation was required. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Hedge Fund Operations Risks

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Program ID:
112686-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Oct 1, 1998
Last Aired:
Oct 3, 1998

Airing Details

  • Oct 01, 1998 | 8:00am EDT | C-SPAN 3
  • Oct 01, 1998 | 8:01pm EDT | C-SPAN 2
  • Oct 03, 1998 | 3:26am EDT | C-SPAN 2
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