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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (7190)11/4/2000 6:56:22 PM
From: Rashomon  Read Replies (1) | Respond to of 30051
 
Zeev, the situation with Asian banks, particularly those of Japan and Korea, is direr than most believe. In the case of Korean banks, as much as 90-plus percent of the loans on some of their books will eventually have to be written off. Eventually these chickens will come home to roost -- what do the turnips think about that?