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CSPAN Capitol Hill Hearings March 16, 2012

normal. it reflects the bill difficulties we have had and it is an extreme shock to the economy which comes along pretty rarely. let me go back to the asian crisis i was observing these things but i was not in office. i was a little bit involved in the asian countries at the time who were trying to adjust. we had been for the mexican crisis. put a lot of money into mexico to ride that out. the exchange stabilization fund. i used to run that fun but did not know they have that kind of money. and i sense it was successful and mexico had a good recovery but there is a lot of political criticism over the money involved and why we had to get so deeply involved. then the asian crisis comes along and as i observed, the first reaction of the u.s. government was to stay away they said was an asian problem and don t want to get involved in every crisis in the world. thailand is a small country and that s all right and we don t need to jump in pare. indonesia is a much bigger co

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