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To: KeepItSimple who wrote (70442)	7/29/1999 12:52:00 AM
From: Dwight E. Karlsen	Respond to of 164684

OT Did you notice the last line? "No funds will actually be sent to Moscow. Instead the first installment of $630 million will be transferred from one of the IMF's accounts to another next month, allowing Russia to avoid default on more than $5 billion it owes the lending agency this year and next." It looks like the first "payment" will be credited to the "Interest receivable" account at the IMF. In other words, the IMF is admitting that Russia can't pay the interest they owe, so the IMF will pay it for them. A $5 billion interest free loan to Russia, largely on the backs of American taxpayers. And this after Russia largely opposed US policy in the Kosovo thingamagig, refusing to allow US soldiers use Pristina airport, etc. It's just insult after insult, and abuse after abuse heaped on the US taxpayer.