'Mead's notes of the meeting show that the hanks were highly concernd that the partners' (and LTCM's) debts would capsize the bailout: "Long-Term needs cash of approximately $ 1 22 million to enable certain Principals to repay personal loans and to enable the .Management Company to repay, among other things, a S38 million loan to Partnership." Also, Mead noted, the banks remained extremely nervous about investing. .J. P. Morgan wanted a guarantee that the banks could redeem their investment after three years. Chase insisted that the $5oo million revolver be repaid the day after the closing. Bankers Trust and Deutsche Bank demanded scats on the "Oversight Committee" that would run the fund. Morgan Stanley and Goldman Sachs wanted joint indemnification if any one of the banks were sued, and so on. This was a tall order by Monday.