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 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