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BB&T Corporation Message Board

  • DiotimaOnce DiotimaOnce Jan 13, 1999 5:06 PM Flag

    Brazil and your money

    What a day! I have spent some years, in the
    distant past, in some of those "developing" countries; my
    suspicion came to be that much, most likely most, of the
    money that is loaned to those governments eventually
    ends up in private accounts overseas, in bank accounts
    in Europe and the US. A friend who is in a position
    to know has confirmed this. Hence, much of our tax
    money goes into the pockets of corrupt third-world
    politicians and then into our banks where some of us own
    shares. A strange circle?

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