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                    [Summary] => As we ponder our fate in the wake of a serious economic downturn, we thought that we ought to learn some lessons from Japan. The Japanese banking system is rotten to the core and is one of the main reasons why Japan is suffering a decade long economic depression. The financial statements of the Japanese banks are in the realm of fiction. Loans that have long gone sour are still carried as if they were current. In fact, Japanese banks continue to support clients they should have cut off a long time ago.


                    [DatePublished] => 2001-10-22 00:00:00
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DE LA PAZ AND SALDIVAR

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How can banks make money today?

By Boo Chanco | October 22, 2001 - 12:00am

As we ponder our fate in the wake of a serious economic downturn, we thought that we ought to learn some lessons from Japan. The Japanese banking system is rotten to the core and is one of the main reasons why Japan...

Business