1. A longstanding assumption that the Japanese government would inevitably rescue threatened banks has recently undergone revision. 2. Faced with bankruptcy, many are reluctant to fess up to the shambles on their balance sheets until they know the government will rescue them. 3. Hashimoto said it was important to protect depositors, but the government would not rescue financial institutions, the Nihon Keizai reported. 4. More than a year ago, the government rescued the bank with an injection of new capital and issuance of new debt. 5. The Fed-brokered deal raises the larger question of when the government should rescue bankrupt companies. 6. Primakov said the lack of plans to nationalize banks does not mean the government will rescue all those in trouble. 7. But it has been standing firm against allowing governments to rescue airlines whose problems predate the attacks. 8. The government will not rescue unprofitable banks and other conglomerates just because the owners have strong political connections, he added. 9. The price of shares in the company has slumped arousing anger from small shareholders who have argued unsuccessfully that the French and British governments should rescue the operation. |
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