Volcano (Jimmy Buffett song) Volcano (Jimmy Buffett song) "Volcano" is a song performed by American popular music singer-songwriter Jimmy Buffett. It was written by Jimmy Buffett, Keith Sykes, and Harry Dailey and released as a single (b/w "Stranded on a Sandbar") on MCA 41161 in November 1979. It was first released on his 1979 album "Volcano". It reached #66 on the "Billboard" Hot 100 and #43 on the Easy Listening chart. This song was originally a minor hit. The song and album are named for the then-dormant Soufrière Hills volcano on the island of Montserrat in the British West Indies where Buffett recorded the
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