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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (88122)4/2/2001 12:02:58 AM
From: stomper  Read Replies (1) of 436258
 
I guess now we know why mark to market is such a sticky wicket for the Japanese system (and good lord, this was just for convenience store equities):

Mitsubishi Corp slid 3.96 percent to 800 yen , while Itochu Corp shed 3.37 percent to 430 yen after the financial daily Nihon Keizai Shimbun reported the trading houses each carry latent losses of more than 80 billion yen ($634.4 million) on their holdings in convenience store shares

biz.yahoo.com

-dave
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