Facing The Inevitable In Tokyo
A financial panic in Tokyo that sent thousands of depositors storming into the city's biggest credit union, the Cosmo Credit Corp., has finally set the stage for a massive government bailout of the Japanese financial system. The public's concern for its own deposits has begun to outweigh the popular indignation against bubble-era bankers who got themselves--and the country--into deep financial trouble by lending to politically connected companies and their own ventures.
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