Long-Term Capital Management
L
Long-Term Capital Management
ATK 8 / DEF 2
EPIC
CREATURE — HEDGE FUND
Leverage Illusion⊙ 3
Double your gold tokens this turn. At the start of your next turn, discard half your gold tokens (rounded down).
Systemic Contagion⊙ 5
Each opponent loses 1 life for each card in their hand. You lose 2 life for each card in your hand.
Bailout Bargain⊙ 1
Gain 10 life. Target opponent may search their library for a card named 'Regulation' and put it onto the battlefield.
Public records show that Long-Term Capital Management held $1.25 trillion in notional value of OTC derivatives against only $4 billion in capital before its collapse in September 1998. The firm's failure prompted a coordinated bailout by major financial institutions.
#hedge fund#derivatives#systemic risk#1990s

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