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Why Did the Fed Step in to Organize a Rescue

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Why did the Fed step in to organize a rescue for Long Term Capital Management (LTCM)in September,1998,rather than simply letting the trouble fund fail? Was the Fed's action necessary or advisable?


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Obscenities

Words, expressions, or actions that are offensive or rude, often related to sex or bodily functions.

Psychopathology

The study of mental disorders, including their symptoms, causes, and treatments.

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A professional who uses knowledge about human behavior, psychology, and patterns of criminal activity to create profiles of unknown suspects or to analyze cases.

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