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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frodo Baxter who wrote (5143)	7/11/1998 2:50:00 AM
From: Bonnie Bear	Read Replies (2) \| Respond to of 9980

hmm...the numbers I remember were around 110B in bad loans for Korea, around 70B of those were short-term loans with repayment terms less than a year. Citi shouldn't be responsible for the whole 110B, I agree. The bad debt in Japan was estimated by a Stanford professor last year at around 6 trillion, so the problems in Korea don't seem so bad in comparison. Heck, in a couple hundred years with some creative accounting the wrote shebang will be written off. No problemo. .