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Strategies & Market Trends : ahhaha's ahs

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To: ahhaha who started this subject	10/30/2001 2:12:00 AM
From: frankw1900	Read Replies (2) of 24758

Japanese banks. This puzzles me. Couldn't the shareholders have taken their hit ten years ago and been done with it? My instinct tells me there is something crooked in all this but I don't know that. I've read that bank, industrial and real estate companies are so interlocked in their loans and shareholdings that the whole commercial edifice would come down. But there is nothing men ravel that others can't unravel...Or they could just start over - the Dutch did something like that after the tulips didn't they? This is incoherent to a degree but I've never come across anything like it. feer.com The FSA is under tremendous pressure to take action. Conservative estimates put banks' nonperforming loans at ¥32 trillion, while the steady creation of new bad loans offset those written off or sold by banks. "Even the Great Depression of the 1920s didn't take this long to sort out," says Brian Waterhouse, senior bank analyst at HSBC Securities Japan in Tokyo.

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