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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: BigBull who wrote (91193)4/6/2001 5:28:58 PM
From: pater tenebrarum  Read Replies (4) of 436258
 
all these plans are for naught...the market will force the solution on them, eventually.

love this paragraph:

"The question is whether banks can dispose of bad loans faster than new ones arise."

strikes me as the key problem....besides, the size of the dud loan problem isn't even officially acknowledged...my guess is anywhere from 700 billion to 1 trillion USD are sitting on Japanese banks books.

the washout should be quite spectacular...
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