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"They had excess capacity," Mr. Chin said.
The others had excess coverage but not primary.
Kofuku had excess liabilities of 52.3 billion yen, or $428 million at the time.
"I don't know a single designer in the world who hasn't had excess inventory".
German banks ended up with toxic American assets because they had excess savings to recycle.
Atlantic Philanthropies had excess space at 125 Park; they had moved to Varick Street.
In some industries, notably steel, which already had excess capacity, their efforts have been frantic.
In the telecoms and computer businesses, in particular, firms have had excess stock for some time.
"We were going to do stores and offices, and then saw that we had excess air rights," Mr. Laboz said.
In the bad old days, monopolistic power companies were guaranteed a good profit even if their industry had excess capacity.
The good news is that little new investment has gone into industries which already had excess supply, such as steel.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com