| 1 | The company was drowned in bad debts. | |
| 2 | But, as the recession intensifies and more loans turn bad, more capital is likely to be needed. | |
| 3 | First, for the four major banks, the good bank/bad bank transactions should be mandatory; the industry will stabilize only if the four work in tandem. | |
| 4 | Some of this money will inevitably be wasted and banks' non-performing loans will rise in future years as payments come due. | |
| 5 | In the past, loans made by state banks to big government-related businesses created a significant amount of bad debt that had to be written off. |
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