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5min chapter
The rise and fall of Long Term Capital Management
Planet Money
The LTCM Crisis: Lessons from 1998
This chapter examines the 1998 financial crisis surrounding Long Term Capital Management and the Federal Reserve's intervention involving major banks to prevent systemic collapse. It highlights the aftermath of the crisis, the emotional impact on the fund's partners, and the implications for future financial interventions, including the lead-up to the 2008 crisis.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode