The Fed coordinated the LTCM buyout, but it was not public money, IIRC. A federa... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		lr4444lr on Feb 1, 2021 \| parent \| context \| favorite \| on: Hedge fund Melvin sustains 53% loss after Reddit o... The Fed coordinated the LTCM buyout, but it was not public money, IIRC. A federal bailing out of a completely non FDIC insured private capital firm would be uncharted territory, I think.

mathattack on Feb 1, 2021 [–]

It was also a much bigger problem. Trillions, not billions, due to all the leverage they used.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact