Quote Originally Posted by Thormaturge
The problem I see with this is that the USA and Thailand have entirely different economies.

Thailand was able to recover because its markets, especially the USA, were still willing to buy its produce. If the USA fails I do not see there being a large customer willing to buy its products, but more likely a large predator wanting to buy up the entire country at bargain basement prices.

An American default would be a gift to the Chinese.
The IMF ensured that Thai (and Asian) banks had their financial systems properly regulated. Even after the mess that's been made by the lack of regulations in the US, they're still carrying on as normal. Staggering!