Japan's credit lessons: act fast, expose all losses http://www.reuters.com/article/reutersEdge/idUSSP11156620080417?sp=true
Thu Apr 17, 2008
By Hideyuki Sano - Analysis
TOKYO (Reuters) - U.S. banks and policymakers have tackled the unfolding credit crisis with much more vigor than Japan did during its banking blow-out in the 1990s.
Yet they still risk repeating Japan's biggest folly: covering up losses in a futile attempt to soothe investors' frayed nerves. http://www.reuters.com/article/reutersEdge/idUSSP11156620080417?sp=true