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Strategies & Market Trends : Asia Forum
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To: Rational who wrote (1084)1/18/1998 5:14:00 PM
From: Jack Clarke  Read Replies (1) of 9980
 
Sankar,

Thanks for your explanation. With regard to the borrower benefitting from not being able to repay the lender,

>>Just imagine that when a lender cannot collect the
money from the borrower (Indonesian corporation), it is the latter who benefits.

does this imply someone's bailing out the borrower with other people's money? I was under the impression that if a borrower cannot pay his loans, he declares bankruptcy and his assets are forfeited.

Also, how does this affect that mega-lender Japan, i.e, with Korea and the other countries who cannot pay off their borrowed money?

Jack
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