Big U.S. banks reap Asia bailout bucks

Chapman, Michael
December 1997
Human Events;12/12/97, Vol. 53 Issue 47, p1
Discusses the implications of a US-backed bailout of Asian economies particularly in South Korea. Effect of the bailout on the American taxpayers; Effect of the bailout on the net worth of the banks' chief executive officers; Estimated amount of banks' financial exposure across Asia and in South Korea; Comments of David Smick of Johnson Smick International Inc. and of Llewelyn Rockwell Jr. of the Von Mises Institute. INSET: The Asian bailout money trial..


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