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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.04-1.3%Jan 2 9:30 AM EST
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To: Steve who wrote (49032)2/17/2001 2:47:09 PM
From: Wyätt Gwyön   of 77400
 
If you do that I think you will find that the Japanese financial system is inflexible and incapable of change and still has not dealt with worthless assets on the books of the banks. In the US such assets must be written down and the loss taken and if insolvency looms the bank will be liquidated or merged into a solvent bank

Here you implicitly acknowledge that we have a bubble here in the US, but your argument is that we are better at unwinding our bubbles than the Japanese. I love it when Americans think they're smarter than the Japanese.
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