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September 30, 2008

Bailout lessons from Sweden, Japan

  • In both cases, the governments intervened — with very different results.
    • By YURI KAGEYAMA and LOUISE NORDSTROM
    Associated Press Writers

    Loans turn sour after years of excessive lending. Big financial institutions collapse. Fears grow about an economic meltdown. The government announces a massive bailout.

    The story of the current U.S. financial crisis is in many ways similar to what happened in Sweden and Japan in the 1990s. In both cases, the governments intervened — with very different results.


     
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