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And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina
And the Money Kept Rolling In Wall Street the IMF and the Bankrupting of Argentina - and Out
Author: Paul Blustein
In the 1990s, few countries were more lionized than Argentina for its efforts to join the club of wealthy nations. Argentina's policies drew enthusiastic applause from the IMF, the World Bank and Wall Street. But the club has a disturbing propensity to turn its back on arrivistes and cast them out. That was what happened in 2001, when Argentin...  more »
ISBN-13: 9781586483814
ISBN-10: 1586483811
Publication Date: 4/3/2006
Pages: 304
Rating:
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Publisher: PublicAffairs
Book Type: Paperback
Other Versions: Hardcover
Members Wishing: 0
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Although capital is "good" for multiple reasons, Wall Street's "greed" in offering cheap and expensive financing can do the reverse and debilitate a stagnating economy.

Which goes to prove that "Greed is good" is not always the case as proven in Argentina's economic crisis in 2001.


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