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Thread: Do you remember 1997 Asian financial crisis?
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[quote=ICEBERG,333450]Iceberg, I still cannot figure out why Thailand was highly leveraged during 1997 debt crisis? I was told that it was Soros who created and manipulated 1997 Asian Financial Crisis. His investment company bought a lot of Thai baht and then sold them short. He said that his investment company once warned Thai baht was overvalued. If Thai government could have realized that their foreign reserves were drained, they would do something in advance. However, Thai government ignored this completely. When the disaster came, Thailand suffered huge losses.[/quote]
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