Did you notice this in the HKStandard, Doug?
CHASE Manhattan Corp and Bankers Trust Corp, looking for 0pportunities in Asia's financial collapse, plan to spend as much as US$2 billion (HK$15.6 billion) to buy stakes in the region's cash-strapped companies.
Therein we have two of the culprits that roamed the Western Pacific raiding currencies last year. We also have, in at least one of them, a beneficiary of a bit of the IMF bail-out money tabbed for Korea.
Oh, yes. I don't know that I mentioned it here previously but, if I recall correctly, a report had US$6 billion of the initial US$14 billion in IMF money slated for Korea going to eight U.S. domestic banks.
Funny too how the names of the currency marauders were never published in any of the many reports at the time. Well, almost never. Three in the vanguard of the attack on the baht last year were Chase, Citibank and Peregrine. Peregrine for goodness sake! |
