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To: Hoplite
What loans?

The loans Communist Yugoslavia under Croatian Tito took in the 1970's from American Banks. In May 1992 U.N. sanctions prohibited all financial transactions with Yugoslavia, thus made repayment of the loans impossiblethrough regular financial channels.

Banker Milosevic set up a scheme in motion how to rob local population of foreign currency savings(Ponzi schemes - Dafiment, Yugoscandic etc.) and use it in convoluted schemes (purchase of loan for 5 cents on dollar value etc.)

That's why he was a good guy in Dayton, "guarantor of peace" etc.

When in doubt, follow the money.

18 posted on 03/19/2003 11:19:32 AM PST by DTA
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To: DTA
Are you implying that Milosevic stole from ordinary Serbs to repay IMF loans?

Are you high on drugs?

He used that money to enrich himself and his friends and pay for his wars in neighboring Republics - he screwed everybody.

19 posted on 03/19/2003 12:02:57 PM PST by Hoplite
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