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.
Strategies & Market Trends : Asia Forum
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Worswick who wrote (6458)9/16/1998 8:29:00 PM
From: Henry Volquardsen   of 9980
 
There was a news report across the wires late Wednesday saying that the LDP and the main opposition party in Japan have come to a tentative agreement to temporarily nationalize Long Term Credit Bank. This appears to be largely the plan put forward by the opposition. One of the main obstacles to bank reform in Japan has been voter resistance to using public money to bail out wealthy bankers who caused the problem in the first place. Under this plan the shareholders in these banks will essentially be wiped out and will probably get nothing. The banks will ten be recapitalized with public money and eventually sold back to the private sector.

This is still a tentative agreement but if it does come about it could be the first sign that the Japanese political process has finally come to an agreement on how to begin coming to grips with the problem banks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News