To: dirkdavies68
Japan has gone through banking gridlock since their 1990 stock market crash. (Banks didn't write off their bad loans, and therefore couldn't make new loans.) That hasn't happened here and is unlikely to.
7 posted on
09/08/2006 7:58:44 PM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Moonman62
I got a joke e-mail several years ago about the Japanese banking crisis...you've probably seen it..."the Origami Bank has folded..something is fishy at the Sushi Bank..." Laughed my a** off!
9 posted on
09/08/2006 8:13:05 PM PDT by
mozarky2
(Ya never stand so tall as when ya stoop to stomp a statist!)
To: Moonman62
Japan has gone through banking gridlock since their 1990 stock market crash. (Banks didn't write off their bad loans, and therefore couldn't make new loans.) That hasn't happened here and is unlikely to. For what it is worth, Japan's banking system is out of "gridlock". Non-performing loans have dropped, originations are increasing, and bank reserves are moving to more normal level.
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