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Strategies & Market Trends : Asia Forum

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To: tom who wrote (1235)	1/20/1998 7:11:00 AM
From: Jack Clarke	Read Replies (2) of 9980

Tom, >>Why should multi-national banks be bailed out by the IMF for their staggeringly stupid lending decisions (see earlier post re: lending to Steady Safe Taxis)? I'll join you in what people may deride as "the simplistic thinking department." Seems to me that lenders lend at their risk, and the interest they demand depends on their assessement of that risk. Since everyone is groping for the extra basis point of yield (Chrysler selling 100 year bonds at 75 basis points over treasurys), let these lenders face up to the risks they're taking. I don't think taxpayers of any country should have to pay for banks who make stupid loans. Yet it happens again and again. How long can/will this go on? Jack

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