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To: John Hunt who wrote (15763)	5/19/1998 9:09:00 PM
From: robnhood	Read Replies (2) of 18056

<<<This is very basic elementary economic reasoning. Why then has the IMF deliberately destroyed corporate cash flow, bankrupting most major companies in these countries? Why have these countries surrendered their economic sovereignty to an organization that is destroying their economies?>>> He asks the question but then proceeds not to answer it... One must admit that there does seem to be many instances of banks lending oodles upon oodles to very risky (even to the casual observer's eye) borrowers. When the eventual bubbles burst the debts are always laid at the feet of the taxpayers. Mexico, Resolution Trust etc. When some ordinary guy wants a loan, the flashlights are usually large. russell

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