TITLE

Rewind

AUTHOR(S)
Weinberg, Neil
PUB. DATE
September 2008
SOURCE
Forbes Asia;9/29/2008, Vol. 4 Issue 16, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article provides a comparison between the U.S. financial crisis in 2008 and Japan's financial crisis in the 1980s and 1990s. It cites that U.S. has begun to be down like Japan before. The government is trying to save U.S. economy while stockholders are starting to withdraw from the stock market for estates are continuing to collapse. In Japan, Yamaichi Securities Co. and Nikko Securities Co. have declared bankruptcy and sell themselves to Merill Lynch & Co., Sandy Weill and Citigroup.
ACCESSION #
34939251

 

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