Geography of Montserrat Geography of Montserrat Montserrat is an island in the Caribbean Sea, in the Leeward Islands. Its nearest neighbours in the island chain include Guadeloupe to the south-east, Antigua to the north-east and Nevis to the north-west. The island is 16 km (9.9 mi) long and 11 km (6.8 mi) wide, with a coastline of about 40 km. The island is volcanic and largely mountainous. The Soufrière Hills volcano became active in 1995, causing widespread devastation, including the destruction of the capital and formerly largest settlement on the island, Plymouth. The southern part of the island is now uninhabitable and human
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