Comments on: Opening up the IMF country club http://blogs.reuters.com/breakingviews/2009/09/28/opening-up-the-imf-country-club/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: concerned http://blogs.reuters.com/breakingviews/2009/09/28/opening-up-the-imf-country-club/comment-page-1/#comment-43 Tue, 29 Sep 2009 12:29:31 +0000 http://blogs.reuters.com/columns/?p=221#comment-43 Im not really sure the IMF is a good adea to begin with. If a country falls on hard times. Why would we, as poeple of the world have to bail them out money wise. Every country should make sure they have the resources to make sure they have crops and water, food is the least likely to make problems for people in the most basic way.Then notion that money solves everything is foolhardy at best.When markets collapse. i wasn’t worried about how the financial institutions would survive. i was worried about where my next meal would come from. The energy companies have done splendidly in the soo called crisis. they continue to make financial gains in the most dusgusting manner.The fact is, the financial IMF has no use at all other than to support financial companies. Its like a global Enron. “lets throw money at it and hope it goes away!!!”

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By: Casper Lab http://blogs.reuters.com/breakingviews/2009/09/28/opening-up-the-imf-country-club/comment-page-1/#comment-42 Tue, 29 Sep 2009 11:32:32 +0000 http://blogs.reuters.com/columns/?p=221#comment-42 Interesting article. ‘War chest’ maybe an unfortunate description, unless you know more than we do. I assume the membership fees carry the IMF, also to fund it up to $1trillion as required. Question, if some/most members are short at the moment, how can they afford to contribute at all ? How did the coffers expand from $200billion in 2008 to $750billion at present ? Also, if it is projecting a loss of $400million by 2010, will that be funded from the latter $750billion ? I suppose it depends on what sport you play at the country club too. Hopefully it is not snooker and boozing only.

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