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To: long-gone who wrote (38167)	8/1/1999 6:25:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116764

Did we all profit from the bailout of Mexico some years ago? Richard... Do you have a job? Do those Mexican workers have more jobs than they would have had should their economy have collapsed? So yes, while I consider the methods used a bit extraordinary, the results were pretty positive. Any failure in Mexico could have set back ALL of Latin America's economic recovery/growth and those types of economic panics quickly snowball around the world. After all, one of the the Fed/Treasury's primary missions is to maintain liquidity in the US financial system. If bailing out Mexico on a fully securitized loan kept the economy going and provided more time to work out the problems in the global system, more power to 'em. Bailing out Mexico wasn't such a bad idea since there is tremendous economic opportunity there for growth. Not to support that growth would be tantamount to British giving up on the US in its early days. It was, after all, mainly British capital that financed the building of the US railroads when we were no better an investment risk than Mexico currently is. Regards, Ron