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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: bart13 who wrote (75585)12/14/2006 11:02:13 AM
From: GST  Read Replies (2) of 110194
 
Bad loans in Japan were on the order of 900 billion in US dollars at the time. Our S&Ls racked up about $500 billion -- we wrote our bad debts off our books and they did not. It took a few years to do it in the US from start to finish. Fifteen years later Japan is still not finished.
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