Military has the muscle to bring much-needed change
May 31, 2014 00:00
The current military intervention contains parallels with the US financial meltdown in 2007, when then-Treasury chief Hank Paul had to twist the arm of rogue bankers, especially those who believed their banks were "too big to fail".
He had to let an unprecedented number of financial institutions fall into bankruptcy as he adopted painful measures. His intention was to show his seriousness about returning the financial world to its sanity. “If you have a bazooka in your pocket and people know it, you probably won’t have to use it,” he said.
The Thai military has shown that it too is serious, and for now, people better believe it.