In 1998, Long Term Capital Management (LTCM) rocked the financial markets. The firm lost $4.6 billion just a few short months after the 1997 Asian financial crisis and the 1998 Russian crisis. Ironically, two of LTCM’s directors shared the 1997 Nobel Prize in Economics. Just ten years later, another financial crisis rocked the world. This would be orders of magnitude larger, requiring a bailout from the Federal Reserve and the U.S. government (taxpayers). Who will bail out the Fed and the U.S. government during the next crisis? Read more HERE.