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Author: fingfool Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35357  
Subject: Re: JP Morgan Bonds Date: 10/29/2002 10:22 AM
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It will also be interesting to watch whether countries, heavily indentured to the World Bank and IMF, throw corruption in the U.S. back in our face. Crony Capitalism is alive and well and living in the White House.

Bailouts of private companies by governments are not a part of capitalism. Other countries may use whatever rationale is available for delaying or not paying their debts but it will only hurt their future borrowing efforts. Not sure of your definition of Crony Capitalism, but I suspect it didn't just take up occupancy in the White House in the last few years.

Regards,
fingfool
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