Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (24358)	10/20/2007 9:01:33 PM
From: elmatador	Read Replies (1) \| Respond to of 217649

Brazil/Argentina wants IMF to treat the criris hit countries like they were treated. "When crises broke out in Latin America and Asia, the IMF promptly came up with a standard package of recommendations in macroeconomics, finance and other fields - there was no hesitation in expressing opinions and dictating policies," said Brazilian Finance Minister Guido Mantega. Subsequently, many of those recommendations were shown to be mistaken or questionable, he added. In contrast, Mantega said the IMF has had little practical to say about the current credit-market crisis triggered by losses in the U.S. subprime mortgage market. "It has been excessively cautious in its recommendations," he said. The Group of 24, which represents developing countries, on Friday said "legitimacy and democratic deficits" in the IMF and World Bank have eroded their effectiveness and public support. online.wsj.com