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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (36630)8/9/2002 10:18:06 AM
From: Karen Lawrence  Respond to of 281500
 
Oops, they did it again. Banks seem to incur little or no risk making bad loans. The fact that the Brazilian bailout also gave a big boost to Citigroup and FleetBoston, which combined had close to $20 billion at risk in Brazil, will hardly go unnoticed when it comes time to raise campaign funds among the Wall Street elite." Does the IMF print its own money?



To: stockman_scott who wrote (36630)8/9/2002 10:38:14 AM
From: JohnM  Read Replies (1) | Respond to of 281500
 
The Lost Continent
By PAUL KRUGMAN

Good Krugman column today. LindyBill has, repeatedly, tried to get us all interested in Latin American economic stuff. I've tried but eyes glaze over, etc. This column by Krugman says, in effect, we are not helping approve the IMF loan because of things Brazilian but because of Republican big money donors.

Of course, Krugman would say that. But doesn't make it untrue.


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