[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-323834-105":59,"doc-detail-323834-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","hansons-latin-american-letter-6-december-1980-number-1864-bailout-of-banks-question","HANSON'S LATIN AMERICAN LETTER - 6 December 1980 - Number 1864 - Bailout of Banks Question","","HANSON'S LATIN AMERICAN LETTER, dated 6 December 1980 and numbered 1864, analyzes multilateral financial agency bailouts affecting Latin America and related U.S. political debates. It contrasts opposition arguments that legislation aims to rescue large commercial banks with concerns about abandoning credit criteria. It reviews statements from major banks and institutions, discusses Brazil and Turkey cases, and questions whether indefinite bailout expectations can be sustained as Congress, the Reagan Administration, and the IMF respond to political and default risks.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/hansons-latin-american-letter-6-december-1980-number-1864-bailout-of-banks-question/323834/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/hansons-latin-american-letter-6-december-1980-number-1864-bailout-of-banks-question/323834.png","ImageObject",300,407,{"name":92,"@type":93},"Anda","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-09-23","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":81},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What central issue does the letter raise about multilateral agency bailouts?","Question",{"text":112,"@type":113},"It argues that large commercial banks rely on bailouts from multilateral agencies even after abandoning sound credit criteria, and that this creates political and financial unease.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How does the letter connect the Reagan era with bailout expectations?",{"text":117,"@type":113},"It claims the Reagan Administration plans restraint on big city bailouts and focuses on welfare reform, making it uncertain whether indefinite bank rescues will be supported.",{"name":119,"@type":110,"acceptedAnswer":120},"What evidence does the letter cite to question “certainty of bailouts”?",{"text":121,"@type":113},"It references IMF concerns about political risk and the Turkey episode where the IMF reportedly did not make major loans merely so banks could withdraw funds.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},323834,1790053628,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":81,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":24,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144},962075006959,"https://ap-avatar.wpscdn.com/avatar/e0002397efbe92a78e?_k=1776741047341049297","HANSON'S LATIN AMERICAN LETTER  \nThe authoritative Washington Letter on developments affecting frade and investment in Latin Americo  \nWASHINGTON  \n6 December 1980  \nDear Sir:  \nNumber 1864  \n\"We did not make major loans toTurkey just so that banks couldget their money out,said oneofficial at the InternationalMonetary Fund\".  \n…Financial Times(London)  \n\"The big commercial banks are heavilyexposed in a host of nations that willbe lobbying for what amounts to a  \nbailout by the World Bank,on the strengthof capital supplied to the bank by taxpayersin the wealthy nations.\"  \n...Wall Street Journal.  \n\"What this suggests is a need for mechanismwhich would reconcile the credit criteriaof commercial banks with the developmentneeds of the hard-core members of the ThirdWorld.\"  \n...Overseas Development Institute.  \n\"A bank that has disregarded sound bankingprinciples does not deserve to be bailed out.\".Deutsche Bank.  \nDuring the congressional debates on the multilateral financial agenciesCAN REAGANthere was a recurring theme by the opposition,namely,that the purpose ofKEEP THEthe legislation is to bail out the big commercial banks.Since the banksBAILOUT OFhad abandoned credit criteria in the confidence that they could alwaysBANKScount on a bailout,there was an uneasiness in Washington which extendedGOING?widely.  This confidence in turn was based on the reasoning that Washingtonwould never be able to let a big bank go down,lest it carry the wholebanking system with it.A more unhealthy sequence cannot be imagined.  \nIn the new Congress,with the situation increasingly grave,there is likelyto be a challenge to the thinking of the New York banks,even though this is a conserva-tive administration coming in.  \nWhen thus David Rockefeller arrives in Brazil to urge restraint in growthA LATEat the risk of social unrest,he is late in his appraisal of risks.HeAPPRAISALshould have had this in mind before the Chase got in for $2 billion andOF RISKSexulted at the profits,before Citibank got in for $4.2 billion and wentwild at the profits of its Brazilian operation.And a minimum of whatDeutsche Bank calls \"sound banking principles\"should have alerted himto the possibility that the Congress in its wisdom might not support bailouts throughthe miltilateral agencies indefinitely.  \nThe operative word is \"indefinitely,\"is it not?  \nOn June 13,1979 UPI quoted a senior vice-president of Citibank as beingCITIBANKconfident that unlike the situation of 1973,the rising prices of petro-CREDITleum and the forecast recession in the United States would not affectCRITERIA:Latin America.1979  \nOn November 3,1980 Dow-Jones quoted Citibank as being still unworriedCITIBANKby the deteriorating situation and especially about the Brazilian pro-CREDITblem because \"in the real world,countries do not default.\"It was aCRITERIA:repetition of the basic thesis that credit criteria need not be maintained1980in lending to governments because a bailout by the multilateral agenciesis a certainty.  \nIs there in the words of the Financial Times(London)\"a conspiracy ofAsilence about the potential gravity of the problem?\"Is it the notionCONSPIRACYof the big banks still that they can maintain that silence for anotherOF SILENCEfour years,these the Reagan years?  \nNote well what is involved:The Reagan Administration is going to bePROBLEMreluctant to bailout the big cities of the United States beyond gesturesOF THEsince it comprehends their situations to involve limitless financing inREAGANthe absence of suitable action by the cities themselves,even at the costADMINISTRA-of social unrest therein.The Reagan Administration is going to be vigor-TIONous on welfare reform for individuals,again because the problem seems topose a certainty of indefinite expansion time-wise and cost-wise.  \nYet,Citibank argues that international country-welfare systems permittinghuge profits to big commercial banks by bailouts from the multilateral internationalagencies and/or Washington itself will be left undist","cbCaiv44pPbhO5vV","https://ap.wps.com/l/cbCaiv44pPbhO5vV","pdf",1077300,"English","# Key Theme: Bailouts and Abandoned Credit Criteria\n## Congressional Debate and Washington Unease\n## Rockefeller, Brazil, and the Risk Appraisal\n## Citibank Confidence and Credit Criteria Arguments\n## IMF and Multilateral Agencies Reassessment\n## Congress, Cities, Welfare, and Social Risk\n## Durability of the Bailout Framework","[{\"question\":\"What central issue does the letter raise about multilateral agency bailouts?\",\"answer\":\"It argues that large commercial banks rely on bailouts from multilateral agencies even after abandoning sound credit criteria, and that this creates political and financial unease.\"},{\"question\":\"How does the letter connect the Reagan era with bailout expectations?\",\"answer\":\"It claims the Reagan Administration plans restraint on big city bailouts and focuses on welfare reform, making it uncertain whether indefinite bank rescues will be supported.\"},{\"question\":\"What evidence does the letter cite to question “certainty of bailouts”?\",\"answer\":\"It references IMF concerns about political risk and the Turkey episode where the IMF reportedly did not make major loans merely so banks could withdraw funds.\"}]","HANSON'S LATIN AMERICAN LETTER - 6 December 1980 - Number 1864 - Bailout of Banks Question | PDF",1789966309,13]