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New So, one vote for the Japanese solution, then?
http://www.guardian....ep/30/japan.japan

Cheers,
Scott.
New yup
Japanese banks started writing off their bad debts in the mid-1990s, but the government's bail-out did not take hold until 1999, when the Resolution and Collection Corporation was formed to handle the disposal of bad loans.
you cant carry bad paper on the books, it needs to be removed and sold
same way we did the savings and loan problem

     Johnson and Kwak on Geithner's plan. - (Another Scott) - (28)
         Interesting, though. - (beepster) - (27)
             They only show a profit before writedowns. - (Another Scott)
             And? - (hnick) - (25)
                 The predictions of their demise - (beepster) - (24)
                     So what *is* the right solution? -NT - (drook) - (23)
                         If the Fed failed so miserably at a rescue... - (beepster) - (22)
                             So, one vote for the Japanese solution, then? - (Another Scott) - (1)
                                 yup - (boxley)
                             A: Change which rules? B: What about the current problem? - (drook) - (19)
                                 Re: A: Change which rules? B: What about the current problem - (beepster) - (18)
                                     Industry != business - (jake123) - (17)
                                         industry is making bricks, trade is - (boxley) - (5)
                                             Question for you - (drook) - (4)
                                                 no bricks for you :-) - (boxley)
                                                 Answer for you - (beepster) - (2)
                                                     That doesn't sound like the last several years -NT - (drook) - (1)
                                                         Its certainly more complicated - (beepster)
                                         Ok...does the "business" add value? - (beepster) - (10)
                                             No. - (jake123) - (9)
                                                 Then we disagree - (beepster) - (8)
                                                     You're talking about banking - (jake123)
                                                     Let me try another angle - (drook) - (6)
                                                         most of them were NOT at the banks - (beepster) - (5)
                                                             Where did I say "bank"? -NT - (drook) - (4)
                                                                 When you got sarcastic - (beepster) - (3)
                                                                     Okay, two things - (drook) - (2)
                                                                         Lets just assume - (beepster) - (1)
                                                                             Re that '99 Triumph of Lobbying-via intentional obfuscation - (Ashton)

C:>_
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