Advanced financial engineering

An article in the Bangkok post  leads me to believe that Thailand is in trouble financially, and that they are trying to manage it using advanced financial engineering. That is akin to Fannie Mae and Freddie Mac, two US examples that scare the heck out of me.

I hope they can pay that debt when due, otherwise it’s crack up the printing press and devalue the currency time. That’s what they are trying to avoid with these swaps.

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