[PEN-L:2689] Long Term Capital

[Peter Dorman <dormanp@xxxxxxxxxxxxxxxxxxx>]

I wonder if we could provoke Doug Henwood's reaction to the article on
LTCM in last Sunday's New York Times Magazine.  It struck me as an
apologetic: Michael Lewis went to Greenwich, listened to LTCM's side of
the story, and wrote it up.  The only thing wrong with their models,
they say, is that they didn't take account of the nasty, predatory
behavior of their competitors.

Peter Dorman