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Strategies & Market Trends : Asia Forum
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To: Dayuhan who wrote (6534)9/21/1998 9:01:00 AM
From: Jay Scott  Read Replies (2) of 9980
 
Steven, you're right, it won't be an easy task to correct the excesses of the IMF. At this point, we need to establish a consensus that there IS a problem, then the real work starts.

Part of my frustration as an American taxpayer is that, at the risk of sounding cynical, I would prefer to just make my check payable to "Citicorp, et al" and cut out the middlemen. The flow chart for the bailouts looks something like this:

Taxpayer-->U.S. Treasury-->IMF-->(Insert country name)-->Western bank
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