{
    "success": true,
    "data": {
        "id": 1425214,
        "msgid": "bank-liquidations-1447893297",
        "date": "1999-02-15 00:00:00",
        "title": "Bank liquidations",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "Bank liquidations Take your pick between doing business with hundreds of unsound banks, or dealing with a handful of sensible operations - the second option is of course preferable. The government offers a similar choice. Its banking recapitalization program empowers impaired institutions which still have prospects and liquidates inept ones. The term \"liquidation\" haunts the community due to the bank liquidation program of 1997-1998.",
        "content": "<p>Bank liquidations<\/p>\n<p>Take your pick between doing business with hundreds of unsound<br>\nbanks, or dealing with a handful of sensible operations - the<br>\nsecond option is of course preferable.<\/p>\n<p>The government offers a similar choice. Its banking<br>\nrecapitalization program empowers impaired institutions which<br>\nstill have prospects and liquidates inept ones.<\/p>\n<p>The term \"liquidation\" haunts the community due to the bank<br>\nliquidation program of 1997-1998. Confidence in the banking<br>\nsector plummeted as the masses withdrew their savings.<\/p>\n<p>However, the community should not panic because the government<br>\nhas guaranteed their savings and accounts. To assuage fears, the<br>\ngovernment's activities should be transparent in the<br>\nrecapitalization and liquidation programs.<\/p>\n<p>The assessment of banks in C category (those whose Capital<br>\nAdequacy Ratio is less than minus 25 percent), needs to be<br>\nclarified. While many are mismanaged, the current economic<br>\ndownturn should also be taken into account.<\/p>\n<p>Banks dogged by the prevailing economic climate should not be<br>\nprocessed in the same way as the corrupt mismanaged ones. Only<br>\nbanks unwilling to save their own institutions should be<br>\nliquidated and their owners brought to court.<\/p>\n<p>-- Republika, Jakarta<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bank-liquidations-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}