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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: B Tate who wrote (6108)	9/2/1998 9:32:00 AM
From: E	Respond to of 9980

"Hey, know that feeling when you're really low on cash, and find that long-forgotten twenty in the lining of that jacket you haven't worn in months?? Well, on a slightly grander scale, that's a bit how the Thai government feel this week. Just substitute a Federal Reserve deposit account opened 16 years ago for the jacket, and $367 million cash for the wrinkled twenty. Deputy Prime Minister Bhichai Rattakul told The Nation Newspaper last Monday about the find. The was account originally set up to settle arms purchases (F18s etc) from the US government - then officials changed, military hardware purchasing habits changed, and the $$$s lay forgotten. The minister has instructed the Office of the Attorney- General to scrutinise the government's overseas jackets, er, assets as part of efforts improve the not-so great fiscal situation of Thailand (an estimated 700,000 people have been made jobless so far due to the economic crisis)." [UP 31Aug98] crash.ihug.co.nz