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To: freedomdefender
The real lesson is that the US shouldn't be funneling money into a "World Bank." Unfortunately, that's not a "lesson learned," -- not in a Washington D.C. where "conservatives" like Wolfowitz want $400k per year (tax free?) jobs at bonndoggles like the World Bank.

The old-fashioned conservatism I believed in, appears to be dead.

You know, if a funny, convoluted way, your position might be more liberal than conservative.

We put money in the World Bank because we WANT countries to default on those loans. Those defaulting nations put up their natural resources as collateral for those loans. When they default, the lending country can seize those resources.

I actually thought it was odd (anti-capitalist) that Wolfie wanted to stop this "corruption." Maybe he didn't get the memo from Shell et al. (That just might be why he's in so much trouble over a nonsense-issue.)

31 posted on 05/16/2007 3:21:23 PM PDT by Sleeping Beauty
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To: Sleeping Beauty
>When they default, the lending country can seize those resources

Does that happen? No.
Instead of seizing assets
(which would be portrayed

as exploitation)
debt relief creates leverage
for politicians.

40 posted on 05/17/2007 7:37:06 AM PDT by theFIRMbss
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