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And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina by Paul Blustein

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[ CHAPTER 7 ]
Doubling a Losing Bet
HEADS OF STATE meeting lower-ranking officials from other countries usually stick to pleasantries and generalities rather than delving into the nitty-gritty of policy disputes or negotiations, and that was the pattern at the Casa Rosada on August 3, 2001, when Fernando de la Rúa welcomed John Taylor, the U.S. undersecretary of the Treasury for international affairs, who was on a hastily arranged visit to Buenos Aires. The Argentine president talked about his country’s history and culture and its friendship with the United States. But there was no mistaking the meaning of the soulful appeal he delivered to Taylor: “I am looking at the man who holds the fate of my country in his hands.”
Seven months had passed ...

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