Hedge Fund Operations Risks
1998-10-01T20:01:49-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvNDVkXC8xMTI2ODYtbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Representative Jim Leach, R-Iowa, House Banking Committee Chairman , and Committee Members heard testimony from Alan Greenspan, Federal Reserve Chairman. 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.
Representative Jim Leach, R-Iowa, House Banking Committee Chairman , and Committee Members heard testimony from Alan Greenspan, Federal Reserve… read more
Representative Jim Leach, R-Iowa, House Banking Committee Chairman , and Committee Members heard testimony from Alan Greenspan, Federal Reserve Chairman. 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
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