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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (55588)4/11/1999 7:18:00 PM
From: Monty Lenard  Read Replies (1) of 132070
 
"One proposal is for a new contingency financing mechanism at the IMF, allowing countries with appropriate policies to win the promise of funds for future emergencies. That could be linked to some mechanism to "bail in" the private sector and ensure they bear a share of the cost of any rescue deal."

Geez, who the hell do they think comes up with all the money if the private sector doesn't. I did not know the gov't made money and paid taxes.

Bail in the private sector to bail out the idiots in government.

Monty

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