Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.1 6/24/83; site rabbit.UUCP
Path: utzoo!linus!decvax!harpo!eagle!allegra!alice!rabbit!jj
From: jj@rabbit.UUCP
Newsgroups: net.politics
Subject: Re: Loan sanctions.
Message-ID: <1908@rabbit.UUCP>
Date: Tue, 6-Sep-83 12:49:49 EDT
Article-I.D.: rabbit.1908
Posted: Tue Sep  6 12:49:49 1983
Date-Received: Tue, 6-Sep-83 21:13:03 EDT
Organization: Bell Labs, Murray Hill
Lines: 23



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?