XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 26.92

+0.2%

3:59 PM EST

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To: chirodoc who wrote (4757)	11/20/1997 12:51:00 AM
From: Tharos	Read Replies (2) of 17367

Not Xoma related -- more Japan stuff. Chirodoc, As I understand the explination given to me, the Japanese have a FDIC equivilent -- that is a Gvt backed insurance plan for individual savings accounts. They do not have resolution trust -- which I understand is a Gvt Corp formed to take into recievership the properities owned by a bankrupt financial firm in the hopes of selling off the assets to recover monies paid out by gvt. So far (exception being Hokkaido) the firms that have gone bankrup have always had a parent, like Nomura Securities, step in and absorb the losses. This is why the Hokkaido bank failure had stirred hope that the Gvt would step in because I believe it was its own corporate entity. I am trying to find out if it was backed by anyone else, but on the surface it does not look like it. John

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