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Gold/Mining/Energy : Canadian Warrants Only -- Ignore unavailable to you. Want to Upgrade?

To: onepath who wrote (6917)	1/21/2009 10:45:54 AM
From: koan	Read Replies (1) \| Respond to of 23102

Bloomberg: I saw an analysis on Bloomberg between how Japan handled their banking crises in contrast to how Sweden handled theirs. Sweden was the more succesful of the two. Sweden simply took over the banks costing 4% of GDP which assured adequate capital. It took them over for four years, to iron things out after which time they gave them back to the private sector and made a profit for its citizens. Japan followed a different path and let the banking crises drag on for a decade because they did not ensure adequate capitalization. Right now our banks do not have adequate capitalization and will need to keep running back to the givenrment for help. I believe they said banks only have 1 or 2% of what they need. I do not remember exactly what context that was put in.