>>I wonder if the IMF has any white people with blue eyes:
>>
>>http://www.imfsite.org/recentfin/brazil2.html
>
>"aimed at quelling a crisis of confidence if a leftist wins the October presidential election."
>
>Funny, though, that whenever there are chances that a next dictator, or just plain right-winger who will rent the country cheap to foreign companies, taking mere 2-3%, which will be a disaster for the local economy (as it usually turns out to be), there's nary a whisper about any "crisis of confidence". Every time a leftist has a chance at the elections, there's this implicit (or explicit) blackmail that the contracts will go away, the economy will collapse (because the capital will flee a government it doesn't like?). I've heard this so many times, first in Italian and German elections in the seventies - probably happened dozens of times before but I didn't read about it - and goes on and on.
>
>Now this is a double whammy - Brazil is forced (by financial circles) into taking a deadly embrace of IMF so it would quell the suspicions (from the financial circles) that there will be a crisis (in the financial circles) if a leftist wins the election (and thus the people displease the financial circles). Why don't they just prop up an honest dictator, rent the country to the lowest bidder and be done with the charade?

The link above dates to 2002, apparently Brazil has paid off all its IMF loans since:

http://www.imf.org/external/np/fin/tad/extrans1.aspx?memberKey1=90&endDate=2009-03-28&finposition_flag=YES

My point was, if white, blue-eyed bankers at the IMF know nothing now, they knew less than nothing back then, so what were they doing bailing out Brazil?