On the recordOctober 9, 1998
Let us see if this makes some sense: Foreign banks all over the world make bad loans knowingly to prop up their falling economies hoping against hope to salvage their systems. Then their businesses go belly up. They default on their loans, the banks fail, and then the foreign banks dial 911 to Uncle Sam for more money. The International Monetary Fund then calls Uncle Sam and says: ``If you don't make these countries and these foreign banks any more loans, they won't buy your products.'' Beam me up, Mr. Speaker. When American taxpayers are subsidizing foreign economies and they are denying American products, we need a proctologist to give us some counseling.
Source
govinfo.gov
