1.   As the baht fell, so did Thai stocks.

2.   Now, even as the Korean won and Thai baht fall to record lows, futures rates fell for the second day.

3.   Once the baht fell, other regional currencies became candidates for devaluation, as well.

4.   The baht did fall, of course, after it became obvious that betting against the Thai currency was a no-lose proposition.

5.   The Malaysian ringgit and Indonesian rupiah came under attack after the baht fell.

6.   The Thai baht fell in late Asian trading, after a volatile day in which the currency fell, then rose and fell again.

7.   But as the baht fell, the value of loans inflated, pushing many to the point of bankruptcy.

8.   But in early July, the baht fell sharply, exacerbating problems in the financial industry and causing a ripple effect in the currencies of other Southeast Asian countries.

9.   If the baht falls against the foreign currency, the tax would decrease.

10.   In addition, many of the finance companies had their own foreign currency loans, which became more costly to repay as the baht fell.