On Sep 28, 2007, at 12:00 AM, Michael Perelman wrote:
> Many people considered it to be effectively bankrupt under Walter's
> rule.
Yes. It was a ward of the state for several years. It recovered, and it's now very big. Meanwhle, the loans extended to Latin America during the Wriston years were the lever for structural adjustment. It was a win for the capitalists in the long run.
Doug