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by jim_greco
4074 days ago
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LTCM was bailed out by the banks, not the Fed or anyone else in Government. LTCMs LPs got wiped out. The bailout was to contain systemic risks to the rest of Wall Street. QE is actually more like trillions of dollars. A revolving door is frowned upon when one party benefits directly to the deteriment of competitors. Citadel can't really get special favors from the Fed as there's little the Fed could even do if they wanted to benefit Citadel over other hedge funds |
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