SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.04+0.7%Jan 16 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ahhaha who wrote (13447)6/18/1998 10:41:00 PM
From: Henry Volquardsen  Read Replies (2) of 116871
 
Thank you very much ahhaha. I don't see why it is so difficult to see that a non-performing loan has little consequence. If a bank just stops recognizing that it exists, solves the problem. I'll tell Bank of America that when they try to get me to make a payment on my mortgage. 'Hey guys just pretend it doesn't exist'. I'll give you one thing, you have a unique view of finance.

Oh by the way your question, Did our banking crisis have material consequence? I lived in Texas in the mid 80s and did business in Colorado, Oklahoma and Louisiana and the banking crisis caused a severe contraction in the region. Ask anyone who lived there at the time. And non performing loans in the Japanese banking system are 2 to 3 times what they were in the US at the peak on an economy 2/3 the size.
Henry
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext