Volcano (Jimmy Buffett album) Volcano (Jimmy Buffett album) Volcano is the ninth studio album by American popular music singer-songwriter Jimmy Buffett and is his 11th overall. It was released in August 1979 as MCA 5102 and was his first release on that label after its absorption of ABC Dunhill. The album and its title song are named for the then dormant Soufrière Hills volcano on the island of Montserrat in the British West Indies where Buffett recorded the album in May 1979 at AIR Studios. (The studio was severely damaged by Hurricane Hugo in 1989 and Soufrière Hills erupted again in 1995.) Additional recording
Long-Term Capital Management The fear was that there would be a chain reaction as the company liquidated its securities to cover its debt, leading to a drop in prices, which would force other companies to liquidate their own debt in a vicious cycle. The total losses were found to be $4.6 billion. The losses in the major investment categories were (ordered by magnitude): Long-Term Capital was audited by Price Waterhouse LLP. After the bailout by the other investors, the panic abated, and the positions formerly held by LTCM were eventually liquidated at a small profit to the rescuers. Although termed a bailout, the