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Adopt Debt Free
Proven tips and strategies to help you adopt a child without having to go into debt. Well-written and entertaining material. 50% commission.
There is a lot that has been said about debt relief for African countries. I appreciate that these countries can not progress while saddled with so much debt, but I also appreciate we can not just write off the debt. First, most of that money belongs to the tax payers of developed nations, and second the African nations may get in the habit of just borrowing more, have corrupt leaders steal it, and then plead poverty again.
When a company goes bankrupt, it can go into chapter 11. It submits a restructuring plan for the future and a neutral part is appointed to oversee its affairs until the plan is executed.
Maybe the same thing should be done here. They can have debt relief, but they must submit a plan. Administrators from the lending nations will be appointed. All government borrowing and spending must be approved and or managed by these administrators. When the plan is executed, then the country gets control of its affairs again.
Some would cry “colonialism” or “imperialism”. I won’t argue. It is a form of that, but really, should be give something for nothing.
I guess to to reiterate. This is a choice like bankruptcy. A company can choose not to accept bankruptcy protection but it must face the consequences. An African country may resent a having foreigners intervene in their affairs, and if they don’t want it, they must face the consequences. No debt relief. No more credit. The word sovereignty for nations is like the word liberty for people. It’s not a free pass. It means you have to live with results of your decisions.
Adopt Debt Free
Proven tips and strategies to help you adopt a child without having to go into debt. Well-written and entertaining material. 50% commission.
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China Said to Plan to Raise Capital Ratio When Credit Excessive
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Newly proposed rules would require increasing capital adequacy buffers by as much as 2.5 percentage points when the banking regulator determines loan growth to be too fast, said the person, declining to be identified as the plan isn’t public.
BH Credit Catalysts – Monthly Shareholder Report – December 2010
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BH Credit Catalysts – Monthly Shareholder Report – December 2010
IRS probing Robaina loans
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Hialeah Mayor Julio Robaina says the $750,000 he and his wife lent to a local diamond jeweler convicted in a $40 million Ponzi scheme was an investment gone bad — a loss like those of investors swindled by Bernie Madoff.
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