October 02, 1998 (vol. 109, iss. 4) • Page Image 2
…2 - The Michigan Daily - Friday, October 2, 1998 NATION/W ORLD Greenspan defends fund's rescue AROUND THE NATION / , - The Washington Post WASHINGTON - Federal Reserve ChairAlan Greenspan defended the Fed's role in brokering a res- cue of Long Term Capital Management LP last month, saying yesterday that failure of the huge investment fund could have severely disrupted world markets and damaged "the economies of many nations, including our ...…