In August 1982, Mexico announced it could not pay its debts, triggering a Latin American debt crisis involving bankrupt borrowers and international banks with 1.5 to 2 times capital exposed to Latin American lending.
factualpending
Speaker
Paul VolckerEvidence Quote
“Bankrupt Latin America... banks had one and a half to two times the capital... August, 1982.”
Created: 8/11/2026, 1:16:44 AM
My Notes
Loading notes...