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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (15443)4/16/1998 11:42:00 AM
From: Thomas M.  Read Replies (1) of 18056
 
worth.com

...the bureaucrats at the IMF and the World Bank were once graded by the amount in loans they placed--not by their loan-loss ratio, a technique employed by most successful lending institutions. The first commandment of banking, after all, is to make sure loans are repaid. This, however, wasn't a top priority of the IMF or the World Bank.

Tom
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