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2007-10-25 — businessstandard.com
"..,Treasury bigwigs lectured leaders to scrap the financial socialism and crony capitalism feeding the excesses behind Asia’s turmoil. They counselled fiscal belt-tightening, higher interest rates, stronger currencies, avoiding asset bubbles and for limits on bailing out reckless investors. Basically, the US told Asia to avoid doing much of what the US is doing today amid its own crisis."
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