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To: Bobby Yellin who wrote (3396)	11/22/1997 10:42:00 AM
From: Bucky Katt	Read Replies (2) \| Respond to of 116810

BY- I think they used the Iraq card as a way to divert attention away from the money crisis in Asia. Think about it for a minute. It was so over reported it dwarfed any other story for the last 3 weeks, except for that women in Iowa that the litter of 7.

To: Bobby Yellin who wrote (3396)	11/22/1997 12:46:00 PM
From: Terry Rose	Respond to of 116810

I think the IMF is funded by member countries who pledge money for various financial needs throughout the world. It is kind of like the Salvation Army, however as evidenced by the Asia tigers it is the last place to look for help. I heard on Public Radio last night that in order to receive funds Indonesia had to agree to reduction in import tariffs. I am not sure what South Korea will have to agree to for their help, but I suspect it is quite a lot, since they went to Japan and the U.S. first. The Wall Street Journal had an article on the IMF yesterday entitled " First, Uncloak the IMF". It pretty much deals with the secrecy of the IMF. The bailout funds are ultimately guaranteed by taxpayer's money of member countries. As reported earlier, the U.S. has agreed to additional funding of 17% if the IMF can not cover it solo. Also, the IMF's says it needs to remain secretive as not to move the world markets with disclosure of the details of these agreements. The real impact is that their secrecy causes far more destablization than an open policy.