News Forum - Thaksin wades into Thailand debt storm with bold bailout plan

[Thaiger]

Former Thailand Prime Minister Thaksin Shinawatra has reignited debate over the country’s mounting debt crisis, urging the government to buy up bad loans to help struggling households. The 75 year old’s proposal? The state should step in, purchase non-performing loans (NPLs) from financial institutions, and wipe debt-ridden individuals off the National Credit Bureau’s blacklist. But … …

The story Thaksin wades into Thailand debt storm with bold bailout plan as seen on Thaiger News.

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[AussieBob]

What could possibly go wrong with that proposal? Somchai the drug taking alcoholic will love it - he will get to own the truck and can sell it to get more drugs. However I think Pornchai who has worked hard to pay off his truck and bike will be a little annoyed. ROFLOL - it just gets worse and worse every day - hilarious place.