We have to remember that these dum-dums caused their own problems by starting the global crash in 1997, then had to be bailed out by the IMF.
Resentment ran deep as foreign entities took over Thai companies, even banks, often 100% of shares, as foreign ownership rules had to be relaxed as a condition of the IMF bail-out.
Thaksin’s first ‘Thai Rak Thai’ government was a direct response to this and was elected on a platform of xenophobic nationalism, as the name implies. There was national celebration as his government paid off the IMF loan earlier than scheduled.
Having foreigners bail them out, and the epic loss of face, has never been forgotten.