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Mr. Chairman, on September 11, we were attacked by terrorists who took advantage of weaknesses in our border security. After infiltrating our country, the terrorists were able to conceal their real identities, and thereby plot their attacks without fear of being apprehended. ↗
In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better. ↗
In the early 1990s, when a lot of the developing world opened up to international capital flows... they ended up in very good long-term projects, but projects that weren't going to pay off for five or 10 or 20 years. ↗
