[lbo-talk] Japanese banks hemorrhage

Mike Ballard swillsqueal at yahoo.com.au
Wed May 28 19:55:36 PDT 2003


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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Is the world's second largest national edition of Capital about to plunge into crisis?

Is this a reflection of the real estate bubble burst?

Questions, questions, questions....

Mike B)

===== ***************************************************************** Those who take the most from the table, teach contentment. Those for whom the taxes are destined, demand sacrifice. Those who eat their fill, speak to the hungry, of wonderful times to come. Those who lead the country into the abyss, call ruling difficult, for ordinary folk. -- Bertolt Brecht http://profiles.yahoo.com/swillsqueal

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