Caribbean Plate a subduction zone, the Lesser Antilles subduction zone, where oceanic crust of the South American Plate is being subducted under the Caribbean Plate. Subduction forms the volcanic islands of the Lesser Antilles Volcanic Arc from the Virgin Islands in the north to the islands off the coast of Venezuela in the south. This boundary contains seventeen active volcanoes, most notably Soufriere Hills on Montserrat; Mount Pelée on Martinique; La Grande Soufrière on Guadeloupe; Soufrière Saint Vincent on Saint Vincent; and the submarine volcano Kick 'em Jenny which lies about 10 km north of Grenada. Large historical earthquakes in 1839 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