Question: What was the main issue causing LTCM's failure? Describe the basis for their model. Why was a bailout considered and what were some of the

 What was the main issue causing LTCM's failure? Describe the basis

What was the main issue causing LTCM's failure? Describe the basis for their model. Why was a bailout considered and what were some of the global risks that occurred concurrently with the firm's failure? What was the outcome of LTCM's failure

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