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To: uu who wrote (5826)11/27/1997 11:00:00 PM
From: Jeff Hayden of 64860
 
Addi, >>>...I believe Citicorp (and soon other big US financial institutions) will become the major financial firms of the South East Asia. US financial firms (and I think soon US technology firms) will assimilate the local firms in countries such as Japan, Korea, etc. Mainly because these coutnries have no other choice but to let powerful rich US corporation to bail them out if they want to continue to survive! <<<

Very astute observation! In retrospect, doesn't this asian situation seem a little like the US back in the '80's when so many companies sold out to foreign investors? I guess we didn't turn out as bad as I thought we would. A little disruption goes a long way for recovery.

After your opinion, I'm going to look at this problem differently.

Jeff
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