CB: What does duff mean
In the post-big-bang financial era of Japan, it means 'no longer going
concerns'. Because they had failed to meet new capital adequacy
ratios. The government rule was that if a bank of certain classes
didn't meet the new standards, they would be forced into government
Abroad, Bailout Is Seen as a Detour From Capitalism
CeJ jannuzi
What McCain proposes seems similar to what is already in place in
Japan. However, the government here certainly didn't nationalize any
insurance companies that I know of during that crisis in the late 90s.
It nationalized banks. A
What McCain proposes seems similar to what is already in place in
Japan. However, the government here certainly didn't nationalize any
insurance companies that I know of during that crisis in the late 90s.
It nationalized banks. A few observations from what I noticed of the
Japanese experience:
1. Nationalization was limited to duff banks, most notably credit banks.
I should have added that, unlike the banks, a slew of insurance
companies really did go bankrupt, with policy holders taking the brunt
of it. The other insurance companies that got to take over the
bankrupt ones got mostly
Abroad, Bailout Is Seen as a Detour From Capitalism
By NELSON D. SCHWARTZ
September 18, 2008
http://www.nytimes.com/2008/09/18/business/worldbusiness/18rescue.html?ref=b
usiness
PARIS ‹ Is the United States no longer the global beacon of unfettered,
free-market capitalism?
In extending a
