SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Preventing global economic collapse - what we can do
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gary105 who wrote ()8/29/1998 3:44:00 PM
From: John Liu  Read Replies (1) of 13
 
I think that the IMF and/or the US government should not spend any more money directly bailing out the foreign goverments which overall is bailing out the US and foreign bankers. Teach the bankers a lesson that IMF/US is not going to bail them out all the time so they better be more careful when making loans. If i was a banker I would be making alot of loans to risky borrowers(countries) since I know that the IMF/US government is going to bail them out each and every time and in the mean time collect 100-200% interest can't beat being in that business. The countries borrowing these money which in a large way caused this problem then would not be in so much debt. With so many banks defaulting then a major recission would probably hit the entire world but this is the bitter medicine that needs to be taken so that the bankers will not be so quick to make the loans next time around.

The IMF and US government should in the mean time help the international relief agencies with some money(much less then what is currently spent on bailouts) on relief supplies since it is very possible that any money spent today on food(which would help commodities prices/US farmers) would possibly in turn stop future increases in military spending.

John
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News