Nomura's Bob Janjuah makes the case for letting banks/countries fail. "The hit (to GDP) would be...

|By:, SA News Editor

Nomura's Bob Janjuah makes the case for letting banks/countries fail. "The hit (to GDP) would be more immediate, but over time (not as bad). Japan didn't take the hit, 20 years on we still talk about the lost decades. Asia (ex-Japan) took the hit and 15 years on is the center of the world's wealth creation. Who was right, who was wrong." (video)