Once upon a time, in July 2003 to be exact, I wrote this:
Even more impressive a scam is the newly formed Resona bank, which was previously known as Asahi bank, and a couple of others. This is now in seriously deep trouble, so what do the government do? Let it go to the dogs for having such inept managers? Oh no. They decide to pump in 1.96trillion yen's worth of tax payers cash to bail them out. That is 1,960,000,000,000, or 98,000,000 quid...for a private bank. In any other country this bank would be allowed to become bankrupt, probably as soon as everyone found out they were in trouble and took out their savings.
In light of events over the last few years I can't believe how naive I was. As usual Japan was at least half-a-decade ahead of the curve, bailing out rubbish banks and even more rubbish managers with my cash.
I think Gordon, Obama, Alan, no hang on, it's not Alan anymore is it, it's Timothy and Ben, and all those other shysters that have fucked the world up, they all owe a nod and a wink to Japan and the Kool Kid to acknowledge that, once again, Japan was there first, at the forefront of propping up big business with our money.