[lbo-talk] Japanese banks hemorrhage

[Doug Henwood]

The people who borrowed the money who can't pay it back.

BrownBingb at aol.com wrote:


>ICharles: Who'd they lose it to ?
>
>>Japanese banks hemorrhage
>>
>>By Shane Green, Herald Correspondent in Tokyo
>>May 27 2003
>>
>>Japan's troubled top seven banks reported a combined
>>record loss of about ¥4.62 trillion ($60 billion) late
>>yesterday, reinforcing warnings from the country's
>>central bank that the world's second largest economy
>>could plunge into crisis at any time.