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The banks were all recapitalized by the government as a bail-out program to help rescue the banking sector crippled by the 1997-1998 financial crisis.
At that time, the government dramatically expanded the loan guarantee program and recapitalised the banks with public funds.
The government has also spent $120 billion in the course of the past four years recapitalizing banks and buying bad loans.
The banks have been recapitalized with $33 billion in new funds, and four asset management companies have taken over nearly $160 billion in bad loans with an eye toward restructuring the debtors.
a plan to recapitalize the state-owned airline
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