NO DOUBT WHO'S IN CHARGE
"'Mexico is like the 51st state, and if we don't
guarantee the Mexican debt here, Mexico's three
biggest banks could go bust,' Barton Biggs,
chairman of Morgan Stanley Asset Management, told
the Wall Street Journal. Added Salomon Brothers'
chief equity strategist David Shulman, referring to
the proposed $40 billion (U.S.) loan guarantee
package, 'with a sovereign country, [failure to
repay] requires armed invasion.'"
-- Douglas Goold, "Market Watch", Globe and
Mail, January 27, 1995
Sid Shniad
