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Analysts say that Mitsubishi needs to write off about $1 billion in bad loans.
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"There is no need to write off any money".
And in arguing that the Democrats need to write off the region, he makes some serious ethical and political points.
And it has been at odds with Germany over the hitherto unthinkable: the need to write off some of the billions that Greece still owes.
The IMF has been increasingly at odds with Germany and other lenders over the need to write off Greece's debt.
If you need to write off a few seasons in Chicago or LA, sports fans there will shrug and go watch the NBA or NFL.
A report in June by the White House National Economic Council estimated that the government would need to write off about $14 billion of the $80 billion given to the auto industry by the Bush and Obama administrations in late 2008 and early 2009.
This could be substantial: if the sovereign debt disclosed in the July stress tests were marked to current market prices, banks would need to write off almost 80 billion euros, based on Breakingviews calculations.
Vodafone proposes to pay $62 billion, even though it says that reported profits will be wiped out for at least the next three years by the need to write off $32 billion of goodwill.
BLOOMBERG NEWS European Banks Still Counting Pre-Crisis Goodwill | After paying premiums for acquisitions in good times, European banks may now need to write off a portion of their combined $270 billion in goodwill, Bloomberg News reports.
They also raised their full-year profit forecasts, betting that Japan's stock market and economy would continue to rally, further inflating the value of their stock portfolios and reducing the need to write off bad loans.
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CEO of Professional Science Editing for Scientists @ prosciediting.com