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Lessons From Japan in Stemming a Crisis - NYTimes.com

Mahar | Tue, 02/17/2009 - 10:39am | bank bailouts, economic precedent, Japanese bailouts, Japanese economy, learning from history, stemming economic crisis |  Add a comment

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Lessons From Japan in Stemming a Crisis - NYTimes.com : A reminder from Japan: Don't coddle the banks, act swiftly, and force the banks to write off bad debts. "I thought America had studied Japan’s failures,” said Hirofumi Gomi, a top official at Japan’s Financial Services Agency during
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