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Even more unusual was its mention of the the failed department store operator, the Sogo Company, which declared bankruptcy under the weight of loans exceeding $17 billion.
The small Caja Castilla La Mancha savings bank has been bailed out after it sank under the weight of loans to a once hyperactive and overblown property sector.
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The idea was to encourage more economic activity by lowering interest rates, including those on home loans, and to help the financial system as it struggles under the crushing weight of bad loans and poor investments.
Bank of America continues to struggle under the weight of bad loans and mounting legal liabilities.
With Japan now in its fourth recession in a decade, the huge weight of bad loans is dragging on the country like an anchor, economists said.
Separately, the weight of bad loans in Spanish banks is close to crushing the fourth-largest economy in the euro zone.
WASHINGTON (AP) — Regulators on Friday shut down a Nebraska bank that has struggled under the weight of soured loans and drawn scrutiny from federal authorities since early last year.
When Dunfermline collapsed under the weight of bad loans last year, the government took on its troublesome parts while Nationwide acquired the savers and some of the stronger aspects of the operation.
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