We can provethisby researching the globaldebtcrisis in the 1980's, Asianfinancialcrisis in the 1990's and Russian operation offoreignloanssince its economictransition.
This rule also permits a group to centralize its foreign finance function in a foreign subsidiary, which can receive interest on loans made to related foreign affiliates without U.S. taxation.
At a White House press briefing for farm editors on Monday, Mr. Bush evinced apparent regret when he observed that a U.S. statute designed to protect the taxpayer from bad loans to foreign governments would inhibit him from extending further credit to the USSR.