Little Bay, Montserrat Little Bay, Montserrat Little Bay is a town under construction, intended to be the future capital of the Caribbean island of Montserrat. It is adjacent to Brades. The official capital of Montserrat at Plymouth in the south of the island was abandoned since 1997 after it was buried by the eruption of the Soufriere Hills volcano. Interim government buildings have since been built at Brades, becoming the political capital in 1998. The move was initially intended to be temporary, but it has remained the island's "de facto" capital ever since. The project is funded by the Government of Montserrat and
Long-Term Capital Management of a large loss, like the payouts from selling an out-of-the-money naked call option. After the bailout, Long-Term Capital Management continued operations. In the year following the bailout, it earned 10%. By early 2000, the fund had been liquidated, and the consortium of banks that financed the bailout had been paid back, but the collapse was devastating for many involved. Mullins, once considered a possible successor to Alan Greenspan, saw his future with the Fed dashed. The theories of Merton and Scholes took a public beating. In its annual reports, Merrill Lynch observed that mathematical risk models "may provide a