[lbo-talk] letter to the editor

Doug Henwood dhenwood at panix.com
Thu Sep 27 20:33:21 PDT 2007


On Sep 27, 2007, at 4:35 PM, Carl Remick wrote:


> Walter Wriston? Yeah, Wriston was real Mensa material and in a great
> position to judge. Wriston's most famous observation, speaking in
> favor of sovereign-debt lending, was: "Countries don't go out of
> business." As has duly noted, countries can't go bankrupt, but those
> who lend to them can,

Yeah, poor Citibank. It used to be such a big bank.

Doug



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