What will go wrong next?
Asian banks: Now comes the real crisis
Asian research: Worth the paper it's printed on?
Peregrine's still flying
Hedge funds: You can run but you can't hide
Country Risk December 1997: It could be worse
Global Economic Projections: Overall Rankings
Investment bankers are a tough breed, more used to hard negotiations and aggressive trading than to dealing with delicate human emotions. So the Asian capital-markets chief of a western firm pitching to the Thai ministry of finance one Thursday in early November found it difficult to know how to handle the scene that confronted him. "These people were panicking," he says. "I had one senior official literally in tears. Hardly anyone is visiting them any more and they don't know what to do. They were saying 'please help us'."
After a few gruff words of encouragement, the banker came up with one interesting proposal: not for...