[patientlywaiting]

Here is America criticizing Korea in 2001.

http://seoul.usembassy.gov/02142001_2.html
Economics & Trade Relations

Washington File

14 February 2001

Transcript: Senators Criticize S. Korea’s Bailout of Hyundai

(Resolution says bailout hurts U.S.-Korea relations) (2740)

A group of Republican senators, including Senate Majority Leader Trent
Lott (Republican of Mississippi), put forth a resolution February 13
that criticizes the South Korean government’s financial support for
Hyundai Electronics and calls for the U.S. government to take steps to
stop what it calls a “bailout” of that Korean corporation.

Senator Larry Craig (Republican of Indiana) introduced Senate
Concurrent Resolution 10 (S. Con. Res. 10) with a harsh attack on the
bailout and accused Seoul of acting “in bad faith.”

Seoul’s actions in bailing out a major exporter to the United States
has significantly harmed relations between the two allies, the
resolution says.

S. Con. Res. 10 calls on the Secretary of the Treasury, the Secretary
of Commerce, and the United States Trade Representative to “take
immediately such action as is necessary to assure that the unlawful
bailout by the Republic of Korea is stopped, and its effects fully
offset or reversed.”

The resolution also would have the U.S. Trade Representative and
Commerce Secretary “monitor and report to Congress on steps that have
been taken to end this bailout and reverse its effects.”

“I am extremely disappointed in Korea’s actions in regards to this
matter,” Craig told fellow senators.

[patientlywaiting]

Here is America criticizing Korea in 2001.

http://seoul.usembassy.gov/02142001_2.html
Economics & Trade Relations

Washington File

14 February 2001

Transcript: Senators Criticize S. Korea’s Bailout of Hyundai

(Resolution says bailout hurts U.S.-Korea relations) (2740)

A group of Republican senators, including Senate Majority Leader Trent
Lott (Republican of Mississippi), put forth a resolution February 13
that criticizes the South Korean government’s financial support for
Hyundai Electronics and calls for the U.S. government to take steps to
stop what it calls a “bailout” of that Korean corporation.

Senator Larry Craig (Republican of Indiana) introduced Senate
Concurrent Resolution 10 (S. Con. Res. 10) with a harsh attack on the
bailout and accused Seoul of acting “in bad faith.”

Seoul’s actions in bailing out a major exporter to the United States
has significantly harmed relations between the two allies, the
resolution says.

S. Con. Res. 10 calls on the Secretary of the Treasury, the Secretary
of Commerce, and the United States Trade Representative to “take
immediately such action as is necessary to assure that the unlawful
bailout by the Republic of Korea is stopped, and its effects fully
offset or reversed.”

The resolution also would have the U.S. Trade Representative and
Commerce Secretary “monitor and report to Congress on steps that have
been taken to end this bailout and reverse its effects.”

“I am extremely disappointed in Korea’s actions in regards to this
matter,” Craig told fellow senators.

[patientlywaiting]

Here is America criticizing Korea in 2001.

http://seoul.usembassy.gov/02142001_2.html
Economics & Trade Relations

Washington File

14 February 2001

Transcript: Senators Criticize S. Korea’s Bailout of Hyundai

(Resolution says bailout hurts U.S.-Korea relations) (2740)

A group of Republican senators, including Senate Majority Leader Trent
Lott (Republican of Mississippi), put forth a resolution February 13
that criticizes the South Korean government’s financial support for
Hyundai Electronics and calls for the U.S. government to take steps to
stop what it calls a “bailout” of that Korean corporation.

Senator Larry Craig (Republican of Indiana) introduced Senate
Concurrent Resolution 10 (S. Con. Res. 10) with a harsh attack on the
bailout and accused Seoul of acting “in bad faith.”

Seoul’s actions in bailing out a major exporter to the United States
has significantly harmed relations between the two allies, the
resolution says.

S. Con. Res. 10 calls on the Secretary of the Treasury, the Secretary
of Commerce, and the United States Trade Representative to “take
immediately such action as is necessary to assure that the unlawful
bailout by the Republic of Korea is stopped, and its effects fully
offset or reversed.”

The resolution also would have the U.S. Trade Representative and
Commerce Secretary “monitor and report to Congress on steps that have
been taken to end this bailout and reverse its effects.”

“I am extremely disappointed in Korea’s actions in regards to this
matter,” Craig told fellow senators.

[patientlywaiting]

Here is America criticizing Korea in 2001.

http://seoul.usembassy.gov/02142001_2.html
Economics & Trade Relations

Washington File

14 February 2001

Transcript: Senators Criticize S. Korea’s Bailout of Hyundai

(Resolution says bailout hurts U.S.-Korea relations) (2740)

A group of Republican senators, including Senate Majority Leader Trent
Lott (Republican of Mississippi), put forth a resolution February 13
that criticizes the South Korean government’s financial support for
Hyundai Electronics and calls for the U.S. government to take steps to
stop what it calls a “bailout” of that Korean corporation.

Senator Larry Craig (Republican of Indiana) introduced Senate
Concurrent Resolution 10 (S. Con. Res. 10) with a harsh attack on the
bailout and accused Seoul of acting “in bad faith.”

Seoul’s actions in bailing out a major exporter to the United States
has significantly harmed relations between the two allies, the
resolution says.

S. Con. Res. 10 calls on the Secretary of the Treasury, the Secretary
of Commerce, and the United States Trade Representative to “take
immediately such action as is necessary to assure that the unlawful
bailout by the Republic of Korea is stopped, and its effects fully
offset or reversed.”

The resolution also would have the U.S. Trade Representative and
Commerce Secretary “monitor and report to Congress on steps that have
been taken to end this bailout and reverse its effects.”

“I am extremely disappointed in Korea’s actions in regards to this
matter,” Craig told fellow senators.

[patientlywaiting]

Here is America criticizing Korea in 2001.

http://seoul.usembassy.gov/02142001_2.html
Economics & Trade Relations

Washington File

14 February 2001

Transcript: Senators Criticize S. Korea’s Bailout of Hyundai

(Resolution says bailout hurts U.S.-Korea relations) (2740)

A group of Republican senators, including Senate Majority Leader Trent
Lott (Republican of Mississippi), put forth a resolution February 13
that criticizes the South Korean government’s financial support for
Hyundai Electronics and calls for the U.S. government to take steps to
stop what it calls a “bailout” of that Korean corporation.

Senator Larry Craig (Republican of Indiana) introduced Senate
Concurrent Resolution 10 (S. Con. Res. 10) with a harsh attack on the
bailout and accused Seoul of acting “in bad faith.”

Seoul’s actions in bailing out a major exporter to the United States
has significantly harmed relations between the two allies, the
resolution says.

S. Con. Res. 10 calls on the Secretary of the Treasury, the Secretary
of Commerce, and the United States Trade Representative to “take
immediately such action as is necessary to assure that the unlawful
bailout by the Republic of Korea is stopped, and its effects fully
offset or reversed.”

The resolution also would have the U.S. Trade Representative and
Commerce Secretary “monitor and report to Congress on steps that have
been taken to end this bailout and reverse its effects.”

“I am extremely disappointed in Korea’s actions in regards to this
matter,” Craig told fellow senators.

[patientlywaiting]

International treaties are the law of the land.

*

EU Examines US Automaker Bailout For World Trade Organization Legality
The European Union will closely examine any aid package from the US government to its automakers to ensure it complies with international trade rules, an E.U. spokesman said Friday.

Democrats in Congress want to pass a $25 billion government rescue for the ‘Big Three’ U.S. automakers: General Motors Corp., Ford Motor Co. and Chrysler LLC. The companies are burning through cash and may face bankruptcy in 2009 without government help.

http://www.autospies.com/news/EU-Examines-US-Automaker-Bailout-For-World-Trade-Orangization-Legality-37499/

[patientlywaiting]

International treaties are the law of the land.

*

EU Examines US Automaker Bailout For World Trade Organization Legality
The European Union will closely examine any aid package from the US government to its automakers to ensure it complies with international trade rules, an E.U. spokesman said Friday.

Democrats in Congress want to pass a $25 billion government rescue for the ‘Big Three’ U.S. automakers: General Motors Corp., Ford Motor Co. and Chrysler LLC. The companies are burning through cash and may face bankruptcy in 2009 without government help.

http://www.autospies.com/news/EU-Examines-US-Automaker-Bailout-For-World-Trade-Orangization-Legality-37499/

[patientlywaiting]

International treaties are the law of the land.

*

EU Examines US Automaker Bailout For World Trade Organization Legality
The European Union will closely examine any aid package from the US government to its automakers to ensure it complies with international trade rules, an E.U. spokesman said Friday.

Democrats in Congress want to pass a $25 billion government rescue for the ‘Big Three’ U.S. automakers: General Motors Corp., Ford Motor Co. and Chrysler LLC. The companies are burning through cash and may face bankruptcy in 2009 without government help.

http://www.autospies.com/news/EU-Examines-US-Automaker-Bailout-For-World-Trade-Orangization-Legality-37499/

[patientlywaiting]

International treaties are the law of the land.

*

EU Examines US Automaker Bailout For World Trade Organization Legality
The European Union will closely examine any aid package from the US government to its automakers to ensure it complies with international trade rules, an E.U. spokesman said Friday.

Democrats in Congress want to pass a $25 billion government rescue for the ‘Big Three’ U.S. automakers: General Motors Corp., Ford Motor Co. and Chrysler LLC. The companies are burning through cash and may face bankruptcy in 2009 without government help.

http://www.autospies.com/news/EU-Examines-US-Automaker-Bailout-For-World-Trade-Orangization-Legality-37499/

[patientlywaiting]

International treaties are the law of the land.

*

EU Examines US Automaker Bailout For World Trade Organization Legality
The European Union will closely examine any aid package from the US government to its automakers to ensure it complies with international trade rules, an E.U. spokesman said Friday.

Democrats in Congress want to pass a $25 billion government rescue for the ‘Big Three’ U.S. automakers: General Motors Corp., Ford Motor Co. and Chrysler LLC. The companies are burning through cash and may face bankruptcy in 2009 without government help.

http://www.autospies.com/news/EU-Examines-US-Automaker-Bailout-For-World-Trade-Orangization-Legality-37499/

[patientlywaiting]

SD Realtor, I just heard on the PBS Newshour that there are now about 4.5 million overdue mortgages NOT owned by Fannie and Freddie. Add Fan/Fred to the mix and what do we have? Double?

The questions that perhaps ought to be asked are:

1) Did the scale of the financial crisis surprise you?

2) Why?

3) Where are the people who poo-pooed dire predictions at now? Why were you so blind to what was staring you in the face?

Even here on Piggington, when the DOW was 14,000, anyone who dared to predict that it would drop to 8,500 would been called a nutcase. That person would have been berated with calls to bring “proof” or, at the very least, a solid analysis. However, at DOW 14,000, predictions of 16,000 would have sounded sensible.

I think that there is a certain Pollyannish way of thinking. People who predict the worse are always vilified and chased away.

Psychologically, humans ignore terrible news and keep on plugging along.

I guess that’s why, in early humanity, people kept on walking out of Africa despite all the hardship and unknowns, in search of a better horizon.

[patientlywaiting]

SD Realtor, I just heard on the PBS Newshour that there are now about 4.5 million overdue mortgages NOT owned by Fannie and Freddie. Add Fan/Fred to the mix and what do we have? Double?

The questions that perhaps ought to be asked are:

1) Did the scale of the financial crisis surprise you?

2) Why?

3) Where are the people who poo-pooed dire predictions at now? Why were you so blind to what was staring you in the face?

Even here on Piggington, when the DOW was 14,000, anyone who dared to predict that it would drop to 8,500 would been called a nutcase. That person would have been berated with calls to bring “proof” or, at the very least, a solid analysis. However, at DOW 14,000, predictions of 16,000 would have sounded sensible.

I think that there is a certain Pollyannish way of thinking. People who predict the worse are always vilified and chased away.

Psychologically, humans ignore terrible news and keep on plugging along.

I guess that’s why, in early humanity, people kept on walking out of Africa despite all the hardship and unknowns, in search of a better horizon.

[patientlywaiting]

SD Realtor, I just heard on the PBS Newshour that there are now about 4.5 million overdue mortgages NOT owned by Fannie and Freddie. Add Fan/Fred to the mix and what do we have? Double?

The questions that perhaps ought to be asked are:

1) Did the scale of the financial crisis surprise you?

2) Why?

3) Where are the people who poo-pooed dire predictions at now? Why were you so blind to what was staring you in the face?

Even here on Piggington, when the DOW was 14,000, anyone who dared to predict that it would drop to 8,500 would been called a nutcase. That person would have been berated with calls to bring “proof” or, at the very least, a solid analysis. However, at DOW 14,000, predictions of 16,000 would have sounded sensible.

I think that there is a certain Pollyannish way of thinking. People who predict the worse are always vilified and chased away.

Psychologically, humans ignore terrible news and keep on plugging along.

I guess that’s why, in early humanity, people kept on walking out of Africa despite all the hardship and unknowns, in search of a better horizon.

[patientlywaiting]

SD Realtor, I just heard on the PBS Newshour that there are now about 4.5 million overdue mortgages NOT owned by Fannie and Freddie. Add Fan/Fred to the mix and what do we have? Double?

The questions that perhaps ought to be asked are:

1) Did the scale of the financial crisis surprise you?

2) Why?

3) Where are the people who poo-pooed dire predictions at now? Why were you so blind to what was staring you in the face?

Even here on Piggington, when the DOW was 14,000, anyone who dared to predict that it would drop to 8,500 would been called a nutcase. That person would have been berated with calls to bring “proof” or, at the very least, a solid analysis. However, at DOW 14,000, predictions of 16,000 would have sounded sensible.

I think that there is a certain Pollyannish way of thinking. People who predict the worse are always vilified and chased away.

Psychologically, humans ignore terrible news and keep on plugging along.

I guess that’s why, in early humanity, people kept on walking out of Africa despite all the hardship and unknowns, in search of a better horizon.

[patientlywaiting]

SD Realtor, I just heard on the PBS Newshour that there are now about 4.5 million overdue mortgages NOT owned by Fannie and Freddie. Add Fan/Fred to the mix and what do we have? Double?

The questions that perhaps ought to be asked are:

1) Did the scale of the financial crisis surprise you?

2) Why?

3) Where are the people who poo-pooed dire predictions at now? Why were you so blind to what was staring you in the face?

Even here on Piggington, when the DOW was 14,000, anyone who dared to predict that it would drop to 8,500 would been called a nutcase. That person would have been berated with calls to bring “proof” or, at the very least, a solid analysis. However, at DOW 14,000, predictions of 16,000 would have sounded sensible.

I think that there is a certain Pollyannish way of thinking. People who predict the worse are always vilified and chased away.

Psychologically, humans ignore terrible news and keep on plugging along.

I guess that’s why, in early humanity, people kept on walking out of Africa despite all the hardship and unknowns, in search of a better horizon.

[Author]

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