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Politics : High Tolerance Plasticity

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To: excardog who wrote (917)	3/3/2001 5:48:12 PM
From: BigBull	Read Replies (4) of 23153

Yes EDog, March is the month. An article on the proposed bailout: economictimes.com Japanese banks have written off 68 trillion yen ($576 billion) of bad loans since 1992 but they still carried bad loans totalling 32 trillion yen at the end of september, according to the financial services agency. The government wants banks to unload bad loans from their books even if it means going into the red. Currently, banks merely set aside reserves to cover losses. ------------------------------------------------------------ Going into the red? Hmmmmm. Not so sure I'd want my money in a bank "going into the red." 32 trillion since Sept? Yuk. The last bailout was a mere 7 trillion, can't imagine the situation has improved since Sept. No wonder your friend passed. Hopefully they'll get it worked out.

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