Volcano Pompeii. Before its catastrophic eruption of 1991, Pinatubo was an inconspicuous volcano, unknown to most people in the surrounding areas. Two other examples are the long-dormant Soufrière Hills volcano on the island of Montserrat, thought to be extinct before activity resumed in 1995, and Fourpeaked Mountain in Alaska, which, before its September 2006 eruption, had not erupted since before 8000 BCE and had long been thought to be extinct. The three common popular classifications of volcanoes can be subjective and some volcanoes thought to have been extinct have erupted again. To help prevent people from falsely believing they are not
Long-Term Capital Management September, LTCM's equity tumbled from $2.3 billion at the start of the month to just $400 million by September 25. With liabilities still over $100 billion, this translated to an effective leverage ratio of more than 250-to-1. Long-Term Capital Management did business with nearly every important person on Wall Street. Indeed, much of LTCM's capital was composed of funds from the same financial professionals with whom it traded. As LTCM teetered, Wall Street feared that Long-Term's failure could cause a chain reaction in numerous markets, causing catastrophic losses throughout the financial system. After LTCM failed to raise more money on