----- Original Message -----
Sent: Thursday, October 16, 2008 4:39 AM
Subject: Hedge Fund Woes: Troubles at Citadel, Highland - Financials
* US *
According to one
trader with firsthand knowledge of Highland's activities, Highland is selling
big blocks of assets; today, Highland settled on 30 cents on the dollar for $20
million to $30 million in bank loans that the firm only last week was trying to
unload for 60 cents on the dollar.
FULL
PANIC