Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Path: utzoo!linus!decvax!cca!ima!inmet!nrh From: nrh@inmet.UUCP Newsgroups: net.politics Subject: Re: USSR Downs Plane -- What Can We Do? - (nf) Message-ID: <315@inmet.UUCP> Date: Sat, 10-Sep-83 05:41:28 EDT Article-I.D.: inmet.315 Posted: Sat Sep 10 05:41:28 1983 Date-Received: Sun, 11-Sep-83 04:58:33 EDT Lines: 19 #R:alice:-218400:inmet:7800016:000:866 inmet!nrh Sep 10 00:50:00 1983 Nationalize the debts? Oh I'll bet Chase Manhattan would LOVE that! All this money that looks like it's about to be defaulted on by the eastern bloc countries, but, look! Up in the sky! It's a bird! It's a plane! It's .... The US taxpayer! How wonderful for the banks. Zillions of dollars of debt that will be made good by us, the taxpayers. I'm sure the banks would much prefer to have the cash than notes on Poland. What happens after we force the Soviets into default? The notes are paid off with pennies on the dollar (if that), and those banks that have been lending to them get off scot-free (not even a bit of tarnish on their reputations!) How good of you to volunteer my money for this crackpot scheme! I think Rockefeller would love the idea. The US taxpayer subsidizing Chase Manhattan! How lucky for him. And what a pity for the rest of us.