Why did Japan nationalize its banks during the financial meltdown of the 1990s?

The only one I really agree with is number 5: "The rescue of the backs came at a high cost to the Japanese taxpayer" The following passage from the Wallstreet Journal both explains why Japan nationalized its banks and supports that point: " But analysts caution the jury is still out on the fate of hundreds of U.S. Banks still sitting on huge real-estate-related losses. As the nation debates how to deal with them, Japan’s experience — particularly on how to spend taxpayer money more effectively in a bailout — offers clues. Japan spent nearly $440 billion in taxpayer money, mostly from 1998 to 2003, to protect depositors, nationalize the sickest of banks and beef up the capital of other financial institutions.

About 70% had been returned to government coffers by last year, according to the Deposit Insurance Corp. Of Japan, which is funded by both the government and banks and plays a similar role to that of the U.S.Federal Deposit Insurance Corp. More is expected to be recovered later."

In other words, by August 2008 (the time the article was written) 30% of the $440 billion investment by Japan's government had yet to be paid.

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.