Don't feed the zombies
好文章
From The Economist April 8th 2006
Don't feed the zombies
What Japan can teach America about coddling companies in debt
From The Economist April 8th 2006
Don't feed the zombies
What Japan can teach America about coddling companies in debt
The trio define a zombie as any Japanese firm that got fresh bank loans at cheaper interest rates than the risk warranted - ie, subsidised credit. Banks were throwing good money after bad in this way because twisted regulations made it simpler to prop up weak borrowers than cut them off.
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