1 5 Bush Bush NNP 5 7 ’s 's POS 8 14 Policy Policy NNP 15 17 on on IN 18 27 Argentina Argentina NNP 28 35 Signals Signals NNPS 36 41 Shift Shift NNP 42 44 in in IN 45 53 Approach Approach NNP 62 72 WASHINGTON WASHINGTON NNP 72 73 , , , 74 78 Jan. Jan. NNP 79 80 4 4 CD 81 82 - - HYPH 83 88 Seven seven CD 89 94 years year NNS 95 98 ago ago RB 99 103 this this DT 104 109 month month NN 109 110 , , , 111 120 President President NNP 121 125 Bill Bill NNP 127 134 Clinton Clinton NNP 134 136 ’s 's POS 137 145 economic economic JJ 146 154 advisers adviser NNS 155 159 told tell VBD 160 163 him him PRP 164 170 Mexico Mexico NNP 171 174 was be VBD 175 180 hours hour NNS 181 185 away away RB 186 190 from from IN 192 200 economic economic JJ 201 208 default default NN 209 212 and and CC 213 220 perhaps perhaps RB 221 226 chaos chaos NN 227 229 on on IN 230 233 the the DT 234 241 streets street NNS 241 242 . . . 243 246 Mr. Mr. NNP 247 254 Clinton Clinton NNP 256 263 ordered order VBD 264 266 an an DT 267 276 unpopular unpopular JJ 277 296 multibillion-dollar multibillion-dollar JJ 297 304 bailout bailout NN 304 305 , , , 306 310 over over IN 311 314 the the DT 316 326 objections objection NNS 327 329 of of IN 330 338 Congress Congress NNP 338 339 , , , 340 343 but but CC 344 348 with with IN 349 352 the the DT 353 360 support support NN 361 363 of of IN 364 365 a a DT 366 375 prominent prominent JJ 377 387 Republican republican JJ 388 396 governor governor NN 396 397 , , , 398 404 George George NNP 405 407 W. W. NNP 408 412 Bush Bush NNP 413 415 of of IN 416 421 Texas Texas NNP 421 422 . . . 426 430 When when WRB 431 440 Argentina Argentina NNP 441 449 barreled barrel VBD 450 456 toward toward IN 457 458 a a DT 459 466 similar similar JJ 467 474 default default NN 475 477 in in IN 478 484 recent recent JJ 486 491 weeks week NNS 491 492 , , , 493 495 it it PRP 496 499 was be VBD 500 503 Mr. Mr. NNP 504 508 Bush Bush NNP 509 512 who who WP 513 516 had have VBD 517 519 to to TO 520 524 make make VB 525 528 the the DT 529 536 bailout bailout NN 537 541 call call NN 542 543 - - HYPH 544 547 and and CC 549 552 his his PRP$ 553 561 decision decision NN 562 565 was be VBD 566 568 to to TO 569 572 let let VB 573 582 Argentina Argentina NNP 583 589 suffer suffer VB 590 593 the the DT 594 606 consequences consequence NNS 607 609 of of IN 610 613 its its PRP$ 615 618 own own JJ 619 627 economic economic JJ 628 641 mismanagement mismanagement NN 641 642 . . . 643 646 His his PRP$ 647 652 aides aide NNS 653 658 argue argue VBP 659 663 that that IN 664 667 the the DT 669 682 circumstances circumstance NNS 683 687 were be VBD 688 696 somewhat somewhat RB 697 706 different different JJ 706 707 : : : 708 714 Mexico Mexico NNP 715 723 appeared appear VBD 724 729 ready ready JJ 730 732 to to TO 734 738 make make VB 739 746 reforms reform NNS 747 750 but but CC 751 757 needed need VBD 758 762 time time NN 763 766 and and CC 767 771 cash cash NN 771 772 , , , 773 778 while while IN 779 788 Argentina Argentina NNP 789 792 had have VBD 793 796 not not RB 798 804 heeded heed VBN 805 813 repeated repeat VBN 814 822 warnings warning NNS 823 827 that that IN 828 831 its its PRP$ 832 840 policies policy NNS 841 845 were be VBD 846 853 leading lead VBG 854 856 to to TO 858 867 financial financial JJ 868 876 disaster disaster NN 876 877 . . . 881 886 Still still RB 886 887 , , , 888 891 Mr. Mr. NNP 892 896 Bush Bush NNP 896 898 ’s 's POS 899 907 reaction reaction NN 908 910 to to TO 911 914 the the DT 915 922 biggest big JJS 923 936 international international JJ 937 945 economic economic JJ 947 953 crisis crisis NN 954 956 so so RB 957 960 far far RB 961 963 in in IN 964 967 his his PRP$ 968 978 presidency presidency NN 979 981 is be VBZ 982 983 a a DT 984 991 telling tell VBG 992 999 example example NN 1000 1002 of of IN 1003 1004 a a DT 1005 1008 new new JJ 1009 1010 - - HYPH 1012 1015 and and CC 1016 1023 perhaps perhaps RB 1024 1029 risky risky JJ 1030 1031 - - HYPH 1032 1040 approach approach NN 1041 1043 to to TO 1044 1047 the the DT 1048 1052 kind kind NN 1053 1055 of of IN 1056 1064 national national JJ 1065 1073 economic economic JJ 1075 1087 bankruptcies bankruptcy NNS 1088 1092 that that WDT 1093 1102 dominated dominate VBD 1103 1113 Washington Washington NNP 1113 1115 ’s 's POS 1116 1124 dealings dealing NNS 1125 1129 with with IN 1130 1133 the the DT 1135 1140 world world NN 1140 1142 ’s 's POS 1143 1151 emerging emerge VBG 1152 1159 markets market NNS 1160 1162 in in IN 1163 1166 the the DT 1167 1171 late late JJ 1172 1176 1990 1990 CD 1176 1178 ’s 's POS 1178 1179 . . . 1183 1186 The the DT 1187 1194 Clinton Clinton NNP 1195 1209 administration administration NN 1209 1210 , , , 1211 1218 fearing fear VBG 1219 1220 “ `` `` 1220 1228 economic economic JJ 1229 1238 contagion contagion NN 1238 1239 , , , 1239 1240 ” '' '' 1241 1244 was be VBD 1246 1253 willing willing JJ 1254 1256 to to TO 1257 1261 back back VB 1262 1267 loans loan NNS 1268 1270 to to TO 1271 1280 teetering teeter VBG 1281 1292 governments government NNS 1293 1295 in in IN 1296 1304 Thailand Thailand NNP 1304 1305 , , , 1307 1316 Indonesia Indonesia NNP 1316 1317 , , , 1318 1323 South South NNP 1324 1329 Korea Korea NNP 1330 1333 and and CC 1334 1340 Russia Russia NNP 1340 1341 . . . 1342 1345 But but CC 1346 1349 Mr. Mr. NNP 1350 1354 Bush Bush NNP 1354 1356 ’s 's POS 1357 1362 aides aide NNS 1363 1367 have have VBP 1369 1376 adopted adopt VBN 1377 1378 a a DT 1379 1385 policy policy NN 1386 1390 some some DT 1391 1395 call call VBP 1396 1397 “ `` `` 1397 1402 tough tough JJ 1403 1407 love love NN 1407 1408 , , , 1408 1409 ” '' '' 1410 1415 meant mean VBD 1416 1418 to to TO 1419 1426 reverse reverse VB 1427 1430 the the DT 1432 1443 expectation expectation NN 1444 1446 in in IN 1447 1455 capitals capital NNS 1456 1462 around around IN 1463 1466 the the DT 1467 1472 world world NN 1473 1477 that that IN 1478 1480 if if IN 1481 1484 you you PRP 1485 1488 are be VBP 1489 1492 big big JJ 1494 1500 enough enough RB 1500 1501 , , , 1502 1504 or or CC 1505 1518 strategically strategically RB 1519 1528 important important JJ 1528 1529 , , , 1530 1540 Washington Washington NNP 1541 1545 will will MD 1546 1552 always always RB 1553 1557 find find VB 1559 1560 a a DT 1561 1564 way way NN 1565 1567 to to TO 1568 1575 prevent prevent VB 1576 1582 fiscal fiscal JJ 1583 1586 and and CC 1587 1596 political political JJ 1597 1605 collapse collapse NN 1605 1606 . . . 1610 1613 Mr. Mr. NNP 1614 1618 Bush Bush NNP 1619 1627 promised promise VBD 1628 1632 just just RB 1633 1637 such such JJ 1638 1639 a a DT 1640 1646 policy policy NN 1647 1653 during during IN 1654 1657 his his PRP$ 1658 1670 presidential presidential JJ 1672 1680 campaign campaign NN 1680 1681 . . . 1682 1685 But but CC 1686 1689 the the DT 1690 1695 first first JJ 1696 1700 time time NN 1701 1704 his his PRP$ 1705 1713 approach approach NN 1714 1717 was be VBD 1718 1724 tested test VBN 1724 1725 , , , 1726 1730 when when WRB 1732 1738 Turkey Turkey NNP 1739 1742 ran run VBD 1743 1747 into into IN 1748 1752 deep deep JJ 1753 1760 trouble trouble NN 1761 1765 last last JJ 1766 1772 spring spring NN 1772 1773 , , , 1774 1777 Mr. Mr. NNP 1778 1782 Bush Bush NNP 1782 1784 ’s 's POS 1785 1793 national national JJ 1795 1803 security security NN 1804 1809 aides aide NNS 1810 1816 warned warn VBD 1817 1821 that that IN 1822 1824 it it PRP 1825 1828 was be VBD 1829 1831 no no DT 1832 1836 time time NN 1837 1839 to to TO 1840 1847 abandon abandon VB 1848 1849 a a DT 1851 1863 well-located well-located JJ 1864 1868 ally ally NN 1869 1874 whose whose WP$ 1875 1885 government government NN 1886 1892 seemed seem VBD 1893 1900 willing willing JJ 1901 1903 to to TO 1904 1908 take take VB 1909 1912 the the DT 1914 1922 medicine medicine NN 1923 1926 the the DT 1927 1940 International International NNP 1941 1949 Monetary Monetary NNP 1950 1954 Fund Fund NNP 1955 1965 prescribed prescribe VBD 1965 1966 . . . 1967 1977 Washington Washington NNP 1979 1985 joined join VBD 1986 1988 in in IN 1989 1992 the the DT 1993 2000 bailout bailout NN 2000 2001 . . . 2005 2006 “ `` `` 2006 2008 It it PRP 2008 2010 ’s ' VBZ 2011 2015 fair fair JJ 2016 2018 to to TO 2019 2022 say say VB 2022 2023 , , , 2023 2024 ” '' '' 2025 2028 one one CD 2029 2035 senior senior JJ 2036 2050 administration administration NN 2051 2059 official official NN 2060 2065 noted note VBD 2067 2073 during during IN 2074 2077 the the DT 2078 2082 last last JJ 2083 2087 week week NN 2087 2088 , , , 2089 2090 “ `` `` 2090 2094 that that IN 2095 2100 while while IN 2101 2103 we we PRP 2104 2108 have have VBP 2109 2113 been be VBN 2114 2119 clear clear JJ 2119 2120 , , , 2121 2123 we we PRP 2124 2128 have have VBP 2128 2131 n’t n't RB 2133 2139 always always RB 2140 2144 been be VBN 2145 2155 consistent consistent JJ 2155 2156 . . . 2156 2157 ” '' '' 2161 2164 The the DT 2165 2169 hard hard JJ 2170 2174 line line NN 2175 2177 on on IN 2178 2187 Argentina Argentina NNP 2187 2188 , , , 2189 2194 White White NNP 2195 2200 House House NNP 2201 2204 and and CC 2205 2213 Treasury Treasury NNP 2214 2223 officials official NNS 2225 2228 say say VBP 2228 2229 , , , 2230 2233 was be VBD 2234 2244 calculated calculate VBN 2245 2247 to to TO 2248 2252 send send VB 2253 2256 the the DT 2257 2264 message message NN 2265 2269 that that IN 2270 2275 under under IN 2276 2279 the the DT 2280 2284 Bush Bush NNP 2286 2300 administration administration NN 2300 2301 , , , 2302 2305 the the DT 2306 2312 United United NNP 2313 2319 States State NNPS 2320 2325 would would MD 2326 2328 be be VB 2329 2330 a a DT 2331 2340 reluctant reluctant JJ 2341 2350 financial financial JJ 2352 2363 firefighter firefighter NN 2364 2367 and and CC 2368 2372 that that IN 2373 2376 the the DT 2377 2384 markets market NNS 2385 2391 should should MD 2392 2395 not not RB 2396 2399 bet bet VB 2400 2402 on on IN 2403 2404 a a DT 2405 2412 bailout bailout NN 2412 2413 . . . 2414 2416 It it PRP 2418 2420 is be VBZ 2421 2422 a a DT 2423 2430 message message NN 2431 2435 that that IN 2436 2439 Mr. Mr. NNP 2440 2444 Bush Bush NNP 2444 2446 ’s 's POS 2447 2452 aides aide NNS 2453 2457 said say VBD 2458 2460 in in IN 2461 2471 interviews interview NNS 2472 2476 this this DT 2477 2481 week week NN 2483 2487 that that IN 2488 2492 they they PRP 2493 2498 hoped hop VBD 2499 2504 would would MD 2505 2510 force force VB 2511 2520 officials official NNS 2521 2523 of of IN 2524 2534 developing develop VBG 2535 2544 countries country NNS 2546 2549 and and CC 2550 2557 foreign foreign JJ 2558 2567 investors investor NNS 2568 2570 to to TO 2571 2575 work work VB 2576 2579 out out RP 2580 2585 their their PRP$ 2586 2594 problems problem NNS 2595 2602 without without IN 2603 2610 relying rely VBG 2612 2614 as as RB 2615 2619 much much RB 2620 2622 on on IN 2623 2627 huge huge JJ 2628 2631 aid aid NN 2632 2640 packages package NNS 2641 2645 from from IN 2646 2649 the the DT 2650 2663 International International NNP 2664 2672 Monetary Monetary NNP 2674 2678 Fund Fund NNP 2679 2682 and and CC 2683 2687 from from IN 2688 2698 Washington Washington NNP 2698 2699 , , , 2700 2705 which which WDT 2706 2712 became become VBD 2713 2724 commonplace commonplace NN 2725 2730 after after IN 2731 2737 Mexico Mexico NNP 2737 2738 . . . 2742 2743 “ `` `` 2743 2745 It it PRP 2746 2748 is be VBZ 2749 2750 a a DT 2751 2760 different different JJ 2761 2769 approach approach NN 2769 2770 , , , 2771 2774 but but CC 2775 2777 we we PRP 2778 2784 needed need VBD 2785 2786 a a DT 2787 2796 different different JJ 2798 2806 approach approach NN 2806 2807 , , , 2807 2808 ” '' '' 2809 2813 said say VBD 2814 2818 John John NNP 2819 2821 B. B. NNP 2822 2828 Taylor Taylor NNP 2828 2829 , , , 2830 2844 undersecretary undersecretary NN 2845 2847 of of IN 2848 2851 the the DT 2852 2860 Treasury Treasury NNP 2862 2865 for for IN 2866 2879 international international JJ 2880 2887 affairs affair NNS 2887 2888 . . . 2889 2890 “ `` `` 2890 2892 We we PRP 2893 2897 want want VBP 2898 2900 to to TO 2901 2907 follow follow VB 2908 2909 a a DT 2910 2916 policy policy NN 2917 2921 that that WDT 2922 2926 does do VBZ 2928 2931 not not RB 2932 2936 bail bail VB 2937 2940 out out RP 2941 2952 bondholders bondholder NNS 2953 2956 and and CC 2957 2965 improves improve VBZ 2966 2969 the the DT 2970 2976 market market NN 2977 2981 over over IN 2982 2985 all all DT 2985 2986 . . . 2986 2987 ” '' '' 2992 2997 There there EX 2998 3001 are be VBP 3002 3007 other other JJ 3008 3011 new new JJ 3012 3019 aspects aspect NNS 3020 3022 to to TO 3023 3026 the the DT 3027 3031 Bush Bush NNP 3032 3038 policy policy NN 3038 3039 . . . 3043 3051 Treasury Treasury NNP 3052 3061 officials official NNS 3062 3064 in in IN 3065 3068 the the DT 3069 3076 Clinton Clinton NNP 3077 3080 era era NN 3081 3086 never never RB 3087 3092 shied shy VBD 3093 3097 away away RB 3098 3102 from from IN 3104 3114 dispensing dispense VBG 3115 3116 a a DT 3117 3123 steady steady JJ 3124 3130 stream stream NN 3131 3133 of of IN 3134 3140 advice advice NN 3141 3143 to to TO 3144 3153 countries country NNS 3154 3156 on on IN 3157 3160 the the DT 3162 3171 condition condition NN 3172 3176 that that IN 3177 3181 they they PRP 3182 3187 would would MD 3188 3192 have have VB 3193 3195 to to TO 3196 3200 meet meet VB 3201 3203 to to TO 3204 3207 get get VB 3208 3215 Western western JJ 3216 3219 aid aid NN 3219 3220 . . . 3221 3223 In in IN 3225 3233 contrast contrast NN 3233 3234 , , , 3235 3241 during during IN 3242 3245 the the DT 3246 3255 Argentina Argentina NNP 3256 3262 crisis crisis NN 3262 3263 , , , 3264 3272 Treasury Treasury NNP 3273 3282 Secretary Secretary NNP 3283 3287 Paul Paul NNP 3289 3291 H. H. NNP 3292 3299 O’Neill O'Neill NNP 3300 3303 was be VBD 3304 3310 nearly nearly RB 3311 3320 invisible invisible JJ 3320 3321 , , , 3322 3328 rarely rarely RB 3329 3339 commenting comment VBG 3340 3342 on on IN 3343 3346 the the DT 3348 3355 country country NN 3355 3357 ’s 's POS 3358 3369 approaching approach VBG 3370 3377 default default NN 3377 3378 , , , 3379 3381 or or CC 3382 3385 the the DT 3386 3393 violent violent JJ 3394 3402 protests protest NNS 3403 3407 that that WDT 3408 3411 led lead VBD 3413 3415 to to TO 3416 3419 the the DT 3420 3431 resignation resignation NN 3432 3434 of of IN 3435 3444 President President NNP 3445 3453 Fernando Fernando NNP 3454 3456 de de NNP 3457 3459 la la NNP 3460 3461 R R NNP 3461 3462 ? ? . 3464 3473 Officials official NNS 3474 3477 say say VBP 3478 3481 Mr. Mr. NNP 3482 3489 O’Neill O'Neill NNP 3490 3499 supported support VBD 3500 3503 the the DT 3504 3512 decision decision NN 3513 3515 by by IN 3516 3519 the the DT 3520 3526 I.M.F. I.M.F. NNP 3528 3530 to to TO 3531 3534 cut cut VB 3535 3538 off off RP 3539 3548 Argentina Argentina NNP 3548 3550 ’s 's POS 3551 3556 loans loan NNS 3557 3564 because because IN 3565 3567 it it PRP 3568 3571 had have VBD 3572 3578 failed fail VBN 3579 3581 to to TO 3582 3586 meet meet VB 3587 3590 the the DT 3592 3596 fund fund NN 3596 3598 ’s 's POS 3599 3606 demands demand NNS 3607 3610 for for IN 3611 3617 fiscal fiscal JJ 3618 3627 restraint restraint NN 3627 3628 . . . 3629 3632 And and CC 3633 3636 now now RB 3637 3647 Washington Washington NNP 3647 3649 ’s 's POS 3651 3658 message message NN 3659 3661 to to TO 3662 3671 Argentina Argentina NNP 3671 3673 ’s 's POS 3674 3677 new new JJ 3678 3687 president president NN 3687 3688 , , , 3689 3696 Eduardo Eduardo NNP 3697 3704 Duhalde Duhalde NNP 3704 3705 , , , 3706 3708 is be VBZ 3710 3725 straightforward straightforward JJ 3725 3726 : : : 3727 3731 Come come VB 3732 3734 up up RP 3735 3739 with with IN 3740 3741 a a DT 3742 3750 workable workable JJ 3751 3755 plan plan NN 3755 3756 , , , 3757 3760 and and CC 3761 3765 then then RB 3766 3768 we we PRP 3769 3773 will will MD 3775 3779 talk talk VB 3779 3780 . . . 3784 3785 “ `` `` 3785 3794 President President NNP 3795 3799 Bush Bush NNP 3800 3805 never never RB 3806 3812 talked talk VBD 3813 3818 about about IN 3819 3827 specific specific JJ 3828 3833 steps step NNS 3834 3836 he he PRP 3837 3845 expected expect VBD 3847 3850 the the DT 3851 3860 Argentine argentine JJ 3861 3871 government government NN 3872 3874 to to TO 3875 3879 take take VB 3879 3880 , , , 3880 3881 ” '' '' 3882 3886 said say VBD 3887 3890 one one CD 3891 3896 White White NNP 3897 3902 House House NNP 3903 3911 official official NN 3913 3921 familiar familiar JJ 3922 3926 with with IN 3927 3930 Mr. Mr. NNP 3931 3935 Bush Bush NNP 3935 3937 ’s 's POS 3938 3946 periodic periodic JJ 3947 3952 calls call NNS 3953 3956 and and CC 3957 3964 letters letter NNS 3965 3967 to to TO 3968 3971 Mr. Mr. NNP 3972 3974 de de NNP 3975 3977 la la NNP 3979 3982 R?d R?d NNP 3983 3986 the the DT 3987 3993 series series NN 3994 3996 of of IN 3997 4000 his his PRP$ 4001 4011 successors successor NNS 4012 4014 in in IN 4015 4021 recent recent JJ 4022 4027 weeks week NNS 4027 4028 . . . 4029 4030 “ `` `` 4030 4033 You you PRP 4034 4036 wo wo MD 4036 4039 n’t n't RB 4041 4045 find find VB 4046 4050 this this DT 4051 4065 administration administration NN 4066 4072 having have VBG 4073 4078 those those DT 4079 4084 kinds kind NNS 4085 4087 of of IN 4088 4101 conversations conversation NNS 4101 4102 . . . 4104 4113 Argentina Argentina NNP 4114 4117 has have VBZ 4118 4120 to to TO 4121 4125 come come VB 4126 4128 up up RP 4129 4133 with with IN 4134 4138 what what WP 4139 4144 works work VBZ 4145 4148 for for IN 4149 4153 them them PRP 4153 4154 , , , 4155 4158 and and CC 4159 4161 if if IN 4162 4164 we we PRP 4165 4168 can can MD 4170 4177 support support VB 4178 4180 it it PRP 4180 4181 , , , 4182 4184 we we PRP 4185 4189 will will MD 4189 4190 . . . 4190 4191 ” '' '' 4195 4198 Mr. Mr. NNP 4199 4203 Bush Bush NNP 4203 4205 ’s 's POS 4206 4214 approach approach NN 4215 4222 carries carry VBZ 4223 4235 considerable considerable JJ 4236 4240 risk risk NN 4240 4241 . . . 4242 4247 There there EX 4248 4250 is be VBZ 4251 4256 every every DT 4258 4269 possibility possibility NN 4270 4274 that that IN 4275 4284 Argentina Argentina NNP 4284 4286 ’s 's POS 4287 4290 new new JJ 4291 4301 government government NN 4302 4306 will will MD 4307 4314 abandon abandon VB 4315 4318 the the DT 4320 4331 free-market free-market JJ 4332 4340 leanings leaning NNS 4340 4341 , , , 4342 4347 tight tight JJ 4348 4354 fiscal fiscal NN 4355 4358 and and CC 4359 4366 banking banking NN 4367 4375 controls control VBZ 4376 4379 the the DT 4381 4388 country country NN 4389 4397 embraced embrace VBN 4398 4402 with with IN 4403 4409 strong strong JJ 4410 4423 International International NNP 4424 4432 Monetary Monetary NNP 4433 4437 Fund Fund NNP 4438 4445 support support NN 4447 4451 over over IN 4452 4455 the the DT 4456 4460 last last JJ 4461 4467 decade decade NN 4467 4468 . . . 4469 4476 Already already RB 4477 4482 there there EX 4483 4485 is be VBZ 4486 4498 considerable considerable JJ 4499 4504 doubt doubt NN 4505 4509 that that IN 4511 4520 Argentina Argentina NNP 4521 4525 will will MD 4526 4529 now now RB 4530 4535 agree agree VB 4536 4538 to to TO 4539 4542 the the DT 4543 4547 kind kind NN 4548 4550 of of IN 4551 4562 hemispheric hemispheric JJ 4563 4573 free-trade free-trade JJ 4575 4584 agreement agreement NN 4585 4589 that that IN 4590 4593 Mr. Mr. NNP 4594 4598 Bush Bush NNP 4599 4606 himself himself PRP 4606 4607 , , , 4608 4612 with with IN 4613 4616 Mr. Mr. NNP 4617 4619 de de NNP 4620 4622 la la NNP 4623 4624 R R NNP 4624 4625 ? ? . 4626 4629 his his PRP$ 4630 4634 side side NN 4634 4635 , , , 4637 4641 said say VBD 4642 4646 last last JJ 4647 4651 year year NN 4652 4655 was be VBD 4656 4657 a a DT 4658 4663 major major JJ 4664 4668 goal goal NN 4669 4671 of of IN 4672 4675 his his PRP$ 4676 4690 administration administration NN 4690 4691 . . . 4695 4699 Both both DT 4700 4703 the the DT 4704 4710 I.M.F. I.M.F. NNP 4711 4714 and and CC 4715 4718 the the DT 4719 4725 United United NNP 4726 4732 States State NNPS 4732 4733 , , , 4734 4737 the the DT 4738 4742 fund fund NN 4742 4744 ’s 's POS 4745 4752 largest large JJS 4754 4765 shareholder shareholder NN 4765 4766 , , , 4767 4771 have have VBP 4772 4776 come come VBN 4777 4782 under under IN 4783 4787 some some DT 4788 4793 sharp sharp JJ 4794 4803 criticism criticism NN 4804 4807 for for IN 4808 4815 denying deny VBG 4817 4820 new new JJ 4821 4826 loans loan NNS 4827 4829 to to TO 4830 4839 Argentina Argentina NNP 4840 4845 after after IN 4846 4856 previously previously RB 4857 4866 approving approve VBG 4867 4870 aid aid NN 4871 4873 to to TO 4874 4877 the the DT 4879 4886 country country NN 4886 4887 . . . 4888 4891 The the DT 4892 4896 last last JJ 4897 4906 emergency emergency NN 4907 4911 loan loan NN 4912 4915 was be VBD 4916 4919 put put VBN 4920 4928 together together RB 4929 4931 in in IN 4932 4938 August August NNP 4938 4939 , , , 4941 4945 with with IN 4946 4949 Mr. Mr. NNP 4950 4957 O’Neill O'Neill NNP 4957 4959 ’s 's POS 4960 4965 close close JJ 4966 4977 supervision supervision NN 4977 4978 . . . 4982 4985 The the DT 4986 4993 critics critic NNS 4994 4996 of of IN 4997 5000 Mr. Mr. NNP 5001 5005 Bush Bush NNP 5005 5007 ’s 's POS 5008 5016 decision decision NN 5017 5019 to to TO 5020 5024 pull pull VB 5025 5028 the the DT 5029 5033 plug plug NN 5034 5036 on on IN 5037 5040 aid aid NN 5041 5046 argue argue VBP 5048 5052 that that IN 5053 5056 the the DT 5057 5063 I.M.F. I.M.F. NNP 5064 5067 and and CC 5068 5071 the the DT 5072 5076 Bush Bush NNP 5077 5091 administration administration NN 5092 5096 were be VBD 5097 5104 callous callous JJ 5105 5108 for for IN 5110 5120 abandoning abandon VBG 5121 5123 an an DT 5124 5128 ally ally NN 5129 5131 at at IN 5132 5133 a a DT 5134 5143 sensitive sensitive JJ 5144 5150 moment moment NN 5150 5151 . . . 5152 5155 And and CC 5156 5160 some some DT 5161 5166 argue argue VBP 5167 5171 that that IN 5173 5177 both both CC 5178 5181 the the DT 5182 5189 Clinton Clinton NNP 5190 5193 and and CC 5194 5198 Bush Bush NNP 5199 5214 administrations administration NNS 5215 5221 should should MD 5222 5226 have have VB 5227 5232 acted act VBN 5234 5240 sooner sooner RBR 5241 5243 to to TO 5244 5249 steer steer VB 5250 5259 Argentina Argentina NNP 5260 5264 away away RB 5265 5269 from from IN 5270 5273 its its PRP$ 5274 5280 doomed doom VBN 5281 5288 efforts effort NNS 5289 5291 to to TO 5292 5298 defend defend VB 5300 5301 a a DT 5302 5308 1-to-1 1-to-1 JJ 5309 5312 peg peg NN 5313 5315 of of IN 5316 5319 its its PRP$ 5320 5324 peso peso NN 5325 5327 to to TO 5328 5331 the the DT 5332 5338 dollar dollar NN 5338 5339 . . . 5343 5346 But but CC 5347 5361 administration administration NN 5362 5365 and and CC 5366 5372 I.M.F. I.M.F. NNP 5373 5382 officials official NNS 5383 5390 respond respond VBP 5391 5395 that that IN 5396 5400 they they PRP 5401 5406 aided aid VBD 5408 5417 Argentina Argentina NNP 5418 5421 for for IN 5422 5424 as as RB 5425 5429 long long RB 5430 5432 as as IN 5433 5437 they they PRP 5438 5445 thought think VBD 5446 5451 there there EX 5452 5455 was be VBD 5456 5457 a a DT 5458 5468 reasonable reasonable JJ 5470 5476 chance chance NN 5477 5481 that that IN 5482 5485 its its PRP$ 5486 5495 political political JJ 5496 5503 leaders leader NNS 5504 5508 were be VBD 5509 5516 serious serious JJ 5517 5522 about about IN 5523 5529 reform reform NN 5529 5530 . . . 5532 5536 They they PRP 5537 5543 pulled pull VBD 5544 5547 the the DT 5548 5552 plug plug NN 5552 5553 , , , 5554 5557 one one CD 5558 5564 senior senior JJ 5565 5579 administration administration NN 5580 5588 official official NN 5589 5593 said say VBD 5593 5594 , , , 5596 5597 “ `` `` 5597 5601 only only RB 5602 5606 when when WRB 5607 5609 it it PRP 5610 5616 became become VBD 5617 5622 clear clear JJ 5623 5627 that that IN 5628 5631 the the DT 5632 5640 collapse collapse NN 5641 5644 was be VBD 5645 5650 going go VBG 5651 5653 to to TO 5654 5660 happen happen VB 5662 5668 sooner sooner RBR 5669 5671 or or CC 5672 5677 later later RBR 5677 5678 , , , 5679 5682 and and CC 5683 5688 there there EX 5689 5692 was be VBD 5693 5695 no no DT 5696 5699 use use NN 5700 5708 spending spending NN 5709 5717 billions billion NNS 5718 5720 to to TO 5721 5724 get get VB 5725 5726 a a DT 5728 5731 few few JJ 5732 5736 more more JJR 5737 5742 weeks week NNS 5743 5749 before before IN 5750 5753 the the DT 5754 5764 inevitable inevitable JJ 5765 5773 happened happen VBN 5773 5774 . . . 5774 5775 ” '' '' 5779 5783 Some some DT 5784 5792 longtime longtime JJ 5793 5800 critics critic NNS 5801 5803 of of IN 5804 5807 the the DT 5808 5812 fund fund NN 5813 5822 applauded applaud VBD 5823 5826 the the DT 5827 5831 Bush Bush NNP 5833 5847 administration administration NN 5847 5849 ’s 's POS 5850 5856 stance stance NN 5856 5857 . . . 5858 5862 Both both CC 5863 5872 left-wing left-wing JJ 5873 5891 anti-globalization anti-globalization JJ 5893 5902 activists activist NNS 5903 5906 and and CC 5907 5911 some some DT 5912 5924 conservative conservative JJ 5925 5935 economists economist NNS 5936 5940 have have VBP 5941 5947 argued argue VBN 5948 5952 that that IN 5953 5956 the the DT 5958 5962 fund fund NN 5963 5969 became become VBD 5970 5973 too too RB 5974 5989 interventionist interventionist JJ 5990 5996 during during IN 5997 6000 the the DT 6001 6008 Clinton Clinton NNP 6009 6014 years year NNS 6014 6015 . . . 6016 6020 That that DT 6022 6029 allowed allow VBD 6030 6039 investors investor NNS 6040 6042 to to TO 6043 6047 make make VB 6048 6056 reckless reckless JJ 6057 6061 bets bet NNS 6062 6064 on on IN 6065 6068 the the DT 6069 6079 assumption assumption NN 6080 6084 that that IN 6086 6093 lending lend VBG 6094 6102 agencies agency NNS 6103 6108 would would MD 6109 6115 rescue rescue VB 6116 6120 them them PRP 6121 6125 when when WRB 6126 6132 things thing NNS 6133 6137 went go VBD 6138 6143 wrong wrong JJ 6143 6144 . . . 6148 6149 “ `` `` 6149 6150 I I PRP 6151 6153 am be VBP 6154 6161 hopeful hopeful JJ 6162 6166 that that IN 6167 6169 we we PRP 6169 6172 ’re 're VBP 6173 6175 in in IN 6176 6186 transition transition NN 6187 6189 to to TO 6190 6191 a a DT 6192 6197 world world NN 6198 6200 in in IN 6201 6206 which which WDT 6208 6217 countries country NNS 6218 6221 and and CC 6222 6229 lenders lender NNS 6230 6235 learn learn VBP 6236 6240 more more JJR 6241 6246 about about IN 6247 6251 risk risk NN 6251 6252 , , , 6252 6253 ” '' '' 6254 6258 said say VBD 6259 6264 Allan Allan NNP 6265 6267 H. H. NNP 6269 6276 Meltzer Meltzer NNP 6277 6279 of of IN 6280 6288 Carnegie Carnegie NNP 6289 6295 Mellon Mellon NNP 6296 6306 University University NNP 6306 6307 , , , 6308 6311 who who WP 6312 6318 headed head VBD 6319 6320 a a DT 6322 6335 Congressional congressional JJ 6336 6341 panel panel NN 6342 6345 two two CD 6346 6351 years year NNS 6352 6355 ago ago IN 6356 6360 that that WDT 6361 6370 advocated advocate VBD 6371 6379 sweeping sweeping JJ 6381 6388 changes change NNS 6389 6391 at at IN 6392 6395 the the DT 6396 6402 I.M.F. I.M.F. NNP 6403 6406 and and CC 6407 6410 the the DT 6411 6416 World World NNP 6417 6421 Bank Bank NNP 6421 6422 . . . 6423 6424 “ `` `` 6424 6427 You you PRP 6428 6430 ca ca MD 6430 6433 n’t n't RB 6434 6438 just just RB 6439 6443 keep keep VB 6445 6453 throwing throw VBG 6454 6459 money money NN 6460 6462 at at IN 6463 6468 these these DT 6469 6477 problems problem NNS 6478 6481 and and CC 6482 6486 hope hope VBP 6487 6491 they they PRP 6492 6496 will will MD 6497 6499 go go VB 6500 6504 away away RB 6504 6505 . . . 6505 6506 ” '' '' 6510 6519 Copyright Copyright NNP 6520 6524 2002 2002 CD 6525 6528 The the DT 6529 6532 New New NNP 6533 6537 York York NNP 6538 6543 Times Times NNP 6544 6551 Company Company NNP