Why did a rise in home foreclosure destroy banks in Japan in 1990s?
No government to give them all the Taxes|tax payers money. They took their homes and couldnt sell them.
No government to give them all the Taxes|tax payers money. They took their homes and couldnt sell them...
I'm not 100% on that subject but as I can see if people can't pay off there homes the house is taken back by the bank and then they try and sell it. If the new value of the house is much lower the bank never gets it's money back. This could happen a couple of times and they could cover there losses with the profit they make but if it happens to much they loose it all.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.
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