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To: Defrocked who wrote (2697)	7/5/1998 10:58:00 PM
From: Joseph G.	Read Replies (1) of 86076

<<TOKYO, July 6 (Reuters) - Point a finger at any of the now-humbled Asian economies and you'll find the same problem at the heart of their woes -- the banking system. While the details differ from country to country, the symptoms are mostly all the same: bad loans collateralised with real estate of diminished value, lax supervision and accounting, a staggering need for capital and more banks than depositors or borrowers need. Throw in financial bureaucrats and politicians anxious to protect their fiefdoms or deliver to their constituencies and it's no wonder the region's banking system is in chaos.>> Comment: sounds like a description of US banks, just wait till they're humbled too. ........... <<This puts a stranglehold on the flow of liquidity Asia's banks desperately need.''Japanese banks are beginning to retreat from Asia,'' says Takeshi Nobehara, general manager at the Japan Research Institute and an adviser to some of the country's banks. ''Japanese banks won't roll over their short-term loans to the region, creating risk for local banks.'' How much risk? About $124 billion, or roughly a third of all international lending to Asia, according to the BIS.>>

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