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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: John Pitera who wrote (53694)7/29/1999 1:02:00 PM
From: pater tenebrarum  Read Replies (2) of 86076
 
I read somewhere that all of the Russian governments income goes to the servicing of it's debt - the utter default seems unavoidable. the IMF is wasting it's time and taxpayers' money to bail out a few fat cat hedge funds and investment banks who should've known better...the Russian government has a long-standing tradition of defaulting on it's debt.

hb
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