Archimedes on Wall Street - “In some cases Long-Term Capital hadn’t put up a 1% or 2% margin. It hadn’t put up a dime; the brokers and bankers were lending 100% of the value of the collateral.”
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Archimedes on Wall Street - “In some cases Long-Term Capital hadn’t put up a 1% or 2% margin. It hadn’t put up a dime; the brokers and bankers were lending 100% of the value of the collateral.”