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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (29703)10/2/2008 12:30:18 PM
From: TimF  Read Replies (1) of 71588
 
What really hit Japan was that you had banks continue to lend to "zombie corporations" after it was clear that they would never be viable again. Instead of having the corporations go in to bankruptcy, they kept going for years and years and years, and the banks kept putting off recognizing that their loans where worthless.
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