-----Original Message----- From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org] On Behalf Of Patrick Bond If LBO investors and other portfolio financiers can get 'generous dividends' from Russia, when we had all hoped that the 1998 default would trigger much more fundamental critiques of global financial flows, then it is a tragedy, a missed opportunity. If anyone is against Third World countries defaulting, do let me know.
Cheers, Patrick
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Well I'm against the framing of the debate in terms of 'default' because it concedes too much from the gitgo.
"We refuse to negotiate/pay under the current terms of the collusive, yet asymmetric power/information/knowledge dynamics given the historical relationships between the BWI's and 'our' previous generation[s] of elites. There is no prima facie obligation to pay for odiously imposed debt burdens....."
Ian