–Avoiding long-term bond investments.
For Jennings v. Rodriguez, the court will decide whether it is legal to lock up immigrants long-term without giving them bail hearings.
"Long on equities?", your neighbours sneer, as if you had a bad case of garden gnomes.Most people can name no more than three hedge funds: Long-Term Capital Management (LTCM), which was bailed out in 1998, and George Soros's Quantum and Julian Robertson's Tiger funds (wound down and closed, respectively, because of their rotten returns).
There are still some worries about whether investors will buy the billions of dollars of Cocos that would have to be issued, but they lifted somewhat when Credit Suisse raised $8 billion in February.Another potential source of capital for banks would be to convert some of their long-term debt into equity, or bailing the debt in.
Unlike the banks that were covered by the Dodd-Frank regulations, these institutions are lightly regulated — but, as we painfully learned in 1998 when the hedge fund Long-Term Capital Management had to be bailed out, are subject to deposit runs just like banks.
Moreover, she has rejected any long-term commitment by the European Central Bank to bail out indebted European banks or to buy sovereign bonds directly, which she believes constitute a "moral hazard"; ie, an open-ended commitment to help "profligate" banks and/or countries.
Might foreign investors bail out of long-term Treasurys-thus raising yields and lowering prices?
Mr Greenspan was annoyed with Bill McDonough, president of the New York Fed, for getting the Federal Reserve's name associated with the bail-out of Long-Term Capital Management, a hedge fund, in September 1998.Two elements of Mr Greenspan's record may well be debated indefinitely.
He said Anderson saw his championing of the publications not as long-term investments "but a way of bailing them out and ensuring they would survive". In 1985, with crude oil prices set to plunge and hostile corporate takeovers in the offing, Anderson led a major restructuring of Arco.
He featured prominently in Goldman's negotiations with fellow investment banks to bail out hedge fund Long-Term Capital Management in 1998.
