Lessons From Japan in Stemming a Crisis - NYTimes.com
Lessons From Japan in Stemming a Crisis - NYTimes.com
The Japanese experience is definitely something to learn from. As the economy stabilizes, the government may need to to step up it's regulatory measures and let the banks fail. If one of the "too big to fail" banks didn't survive, it might shake things up a little and restore faith in the banks that were left. We don't want the financial system to collapse, we don't want "zombie" banks, and need to restore faith as soon as possible. How do you do that?
The Japanese experience is definitely something to learn from. As the economy stabilizes, the government may need to to step up it's regulatory measures and let the banks fail. If one of the "too big to fail" banks didn't survive, it might shake things up a little and restore faith in the banks that were left. We don't want the financial system to collapse, we don't want "zombie" banks, and need to restore faith as soon as possible. How do you do that?
posted by Spud at 8:49 AM
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