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Strategies & Market Trends : Asia Forum

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To: Michael Sphar who wrote (7693)12/10/1998 8:38:00 AM
From: Step1  Read Replies (1) of 9980
 
That is a wonderful and rapid debt reduction (not)

All I can say is that over here in Japan, unloading dud loans and money losing companies is a practice honed to an art... If anybody has been following Long term Credit Bank of Japan, they managed to do that for years, even apparently enlisting the help of the auditing firms...

That is the only way I can think of debt reduction on this scale and speed.

sg
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