Foreign Banks Helped Create The Mess In Asia

I enjoy Professor Rudi Dornbusch's writings, but in his latest piece, he has gone overboard ("A bailout won't do the trick in Korea," Economic Viewpoint, Dec. 8). For instance, Dornbusch says that "foreign investors must take over and clean up the mess with a wave of uncompromising corporate and banking restructurings that are long overdue. Neither the government nor the Korean business community can do the job."

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