jj@rabbit.UUCP (09/06/83)
Sounds interesting. I have several questions about the loan sanction idea, though. 1) I don't know the exact agreement that was entered into by the banks and the eastern block nations. Does anyone have any good information. 2) Will declaring them in default actually DO anything? After all, we can't collect our loans, like in empire(psl style). What d we do when they say 'so what'. 3) Assuming that such actions do have any effect whatsoever, what effect will it have on the US other than acting like a grain embargo? <You mentioned food, sounds like Mr. Peanut all over again.> 4) Is there any Constitutional Precedent? In other words, is it legal to do anything of the sort? I suspect NOT. Anyhow, it's an interesting idea, how about some discussion?
Anonymous@tekcad.UUCP (09/08/83)
#R:rabbit:-190800:tekcad:20100005:000:309 tekcad!Anonymous Sep 7 09:04:00 1983 We may not get our money back, but any bank will look very carefully before lending the countries money again. Look at it this way. You take out a loan and go bankrupt. The loan company may not be able to get its money back, but you will have one hell of a time ever getting another loan from anywhere else.