[lbo-talk] Japanese banks hemorrhage

[RE]

Aren't the banks' positions only going to be made worse by the falling
dollar, since it will cut down on purchases by US consumers from Asian firms
these banks tend to lend to?  Aren't the Dubyites playing with fire here?
(as well as everywhere else.  Maybe it's like snake handling.)
Randy


> 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.
>
>
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