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Non-Tech : Dollar/yen ambush?
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To: Alex who wrote (27)6/25/1998 6:57:00 AM
From: robnhood  Read Replies (1) of 95
 
Alex,,

<<Japanese officials insist that it would be politically foolhardy for the
government to act before then, but that plans are secretly being drawn up
for unpopular measures such as using vast amounts of taxpayer funds to
relieve Japanese banks of hundreds of billions of dollars in loans that are not
being repaid. Japan plans to set up a government-funded institution to buy
bad loans from banks and dispose of the property that was used as
collateral.>>

There it is again, "using vast amounts of taxpayers funds"..<ggg>

russell
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