ShoreBank's nonperforming loans and dismal financial condition showed it was not much of a business.

Japan's accounting system must fairly reflect values, nonperforming loans must be sold at auction,foreign bidders must be welcomed,and government must recapitalize the banks.

In less than twenty-five years, government “affordable housing” and other housing policies have turned a healthy market into a financial ruin. Until Fannie and Freddie’s market dominance and the government’s role in the housing finance system are substantially reduced or eliminated, the United States will continue to have an inferior and unstable housing market.

Just this month, The New York Times reported breathlessly that experts think student loan debt is "likely to top a trillion dollars this year." So is this a big deal?

The author writes about President Koizumi's reforms for Japan's economy.

Special characteristics that make Japan so attractive to investors: a positive business climate, rule of law, advanced infrastructure, a highly skilled workforce, and affluent consumers.

A modern version of the Home Owners' Loan Corporation could help solve the financial crisis.

Four goals for reducing the scope of government involvement in the financial system and for paving the way for reprivatization.