Reply #18: Joe Stieglitz predicted IMF bailout of Russia in late 90s would take [View All]

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three months to go from the IMF bank accounts, to Russian bank accounts, to Cypriot bank accounts.

It took three days.

(The IMF bailout propped up the ruble so that rich Russians could sell their rubles at decent prices and put their dollars in overseas bank accounts. Once that was done, there was so much capital flight, the currency crashed.)

Taxpayers gave how many billions to NWA?