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Technology Stocks : Ascend Communications (ASND)
ASND 196.81-4.9%Dec 9 3:59 PM EST
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To: Marcel who wrote (23955)11/18/1997 9:15:00 PM
From: Zach   of 61433
 
Marcel:

Having spent some time in Japan in the early 90's working with banks and their problem loans, I think that this may actually be a good thing. The best thing that the government could do at this stage would be to let some banks (like Hokkaido) go bust. It would give current management an incentive to shape up their own institutions and inform the rest of the world's financial community that Japan will not tolerate "shoddy" lending, etc. in the future. IMO.

Zach
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