Press Releases

STATEMENT BY TREASURY SECRETARY ROBERT E. RUBIN ON LONG-TERM CAPITOL MANAGEMENT

(Archived Content)

We have been closely following recent developments related to Long-Term CapitalManagement and its creditors. As Chairman of the President's Working Group on FinancialMarkets, I have asked that the staffs of the constituent agencies prepare a study of the potentialimplications of the operations of firms such as Long-Term Capital and their relationships withtheir creditors.