Sol Rosenberg

Japan Provides Proof That Bank Bailouts Work

Ah yes, Japan, a beacon of economic growth and vitality over the last 20 years. Nikkei 225 in 1989: 38,900. Nikkei 225 today: 9,700. I'm sure your typical salaryman is just thrilled that government officials have some extra coin for their bukkake shows in Kabukicho while the bailed-out zombie firms continue to drag the entire economy down.