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To: Link Lady who wrote (13903)2/7/1998 1:29:00 PM
From: John Hunt  Respond to of 18056
 
<< Isn't that expecting a lot from the taxpayer? >>

Wendy,

Yes ... but that has never stopped them before.

This is from the ' gang that couldn't shoot straight '. (ie They didn't see the Asia crisis coming.)

< G >

John




To: Link Lady who wrote (13903)2/7/1998 8:05:00 PM
From: Investor2  Read Replies (1) | Respond to of 18056
 
RE: "Why should the taxpayer be expected to pay"?

Evidently, you're not the only one asking that question. I did notice that Clinton thinks you should pay.

"Republican Rep. Jim Saxton, chairman of the Joint Economic Committee, introduced a resolution Friday calling on the IMF to sell bonds to raise money rather than rely on the United States and other countries for financial support. 'U.S. taxpayers shouldn't be forced by politicians to foot the bill for struggling Asian nations,' Saxton said. 'I would suggest that the IMF exhaust all private resources before reaching into U.S. taxpayer pockets.'

Many U.S. lawmakers oppose the quota increase and have threatened to withhold Washington's $14.5 billion share of the package. They say the money would only go to support repressive, corrupt or incompetent regimes as well as help to bail out foolish investors and lenders.

The Clinton administration says U.S. leverage abroad would be eroded and the IMF would be weakened if Congress rejected the funding requests."

Best wishes,

I2

P.S., Did you notice that the spell checker doesn't like the president's name?



To: Link Lady who wrote (13903)2/9/1998 6:33:00 AM
From: Jack Clarke  Respond to of 18056
 
Wendy,

Why should the taxpayer be expected to pay

Haven't you heard? The Democrats arrange for the small taxpayers to pay for the investment and lending mistakes of those big guys who contribute to their party. The Republicans do the same for their own contributors. In the case of the IMF bailout of the big lenders, the contributors overlap enough so that both parties can support such a bailout. Joe and Jane Sixpack, tighten your belts! Can you say corruption?

Jack