Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: KyrosL who wrote (10915)	10/31/2001 12:08:43 AM
From: smolejv@gmx.net	Read Replies (1) of 74559

The similarity with Japanese banks must be generic - when the loans sour up, what a banker will (eventually desperately) try to do, is keep the post on the credit side of the book, for instance (in a ascending order of pain involved) a) refinance to longer term b) let the customer pay interest only c) let the custome re breather period of x years ... iow they're ready to forget the good ol' cash flow and adjust, as long as the item does not turn into an asset - i.e. foreclosure happens. Japanese banks are further down the road - they dont HAVE any loans to talk about (if you ignore CCC-type assets) and everybody would like to have his or her millions in the bank, even if the bank pays a cent-on-a-thou interest. No assets and bleeding deposits on top of that... Could that happen in US? I cant imagine. dj

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