資本注入前にやることがあるでしょ

寝る前にメモ：
http://www.clusterstock.com/2008/10/still-one-part-missing-from-smart-new-bailout-plan-writedowns

f the government does not force banks to write down their assets before injecting new equity, we won't have fixed the problem. Instead, the US taxpayer will just be the lastest sucker to fall for the banks' assertions that all the bad news is out of the way. Private investors, meanwhile, will stay on the sidelines and watch the taxpayer get sandbagged. Lastly, and most importantly (for the economy), banks won't start lending again. Why not? Because they'll want to keep all that new capital as a cushion for the next wave of writedowns.

Japanese banks played this game for a decade...and we know where it got them (NIKKEI Index is currently one-fifth of the peak value 18 years ago.) In Sweden, meanwhile, the government insisted on writedowns, and the economy recovered almost immediately.