If we go down this path with this loan, with this line of credit to Mexico, we can never say no again. We are breaking new ground. We are saying that the taxpayers of the United States will stand behind this type of loss and this type of loan and this type of a run on a nation. And once we make this exception, once we start down this road, how do we turn our back the next time and say well, we could do it for Mexico, but we will not do it for Argentina, we will not do it for Brazil or Thailand or for India or France, you name the country, and fill in the blanks. This is precedent setting. This is not Chrysler Corp. which this United States of America and a lot of our workers have a great amount of investment in. This is not New York City, which is a vital city and an important part of our Nation. This is an investment by the American taxpayers in foreign debt where the big money-grabbers went in and when the heat got turned up too tough, they turned around and grabbed their money and ran off shore, including those who are big money people in Mexico.
Editor's note · Context
Discussing concerns over U.S. financial support for Mexico during a congressional debate.
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