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Old April 30th, 2002, 01:03 AM

Andrés Andrés is offline
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Default Re: OT- Argentina, what a country!

This has been discussed a lot, I agree, most private banks here are foreign, and should be able to respond with their home-country reserves.
Politicians are again helping state banks that wouldn’t be available to do this, and as always helping their friends to do great business.
Another interesting fact is that the economic problems of banks are because they were forced to lend money to the state.

The state (national state and provinces) has been funding itself in constant indebtedness, if that makes sense, for the Last 10 years.
One of the banks that is in worst problems is the "Banco Provincia de Buenos Aires". What a coincidence that Duhalde has been governor of that province during that time.
Until Devember, when banks were so impoverished that could take it no more, and Cavallo had to create the corralito, they’ve been working to hide their own mistakes and not looking for a solution.
We cannot trust the same corrupts who created the problem in first place to solve it now.

Not only the financial system is bankrupt, the whole political system is collapsing.
The most believable and serious of the many new movements we’re seeing now concentrate on how to create a new political class in which people can believe and trust, and not on how to solve the economic problem that is but a consequence of the corrupt political system.
There’s been much talk lately about the re-foundation of the republic.
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