Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 143.37

-2.8%

3:44 PM EST

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To: Zeev Hed who wrote (6189)	7/5/1998 2:42:00 AM
From: Clarksterh	Read Replies (1) of 10921

Very good article on complete window dressing aspects of Japanese bridge banks and RTC in the 7/4-10 Economist. Essentially it says that the Japanese bridge banks (one per failed bank) will be much different than the US bridge bank in several ways: 1) Shareholders will not lose equity 2) Government will continue to run bank as a bank, including the making of new loans as long as a committee of government bureaucrats approves. 3) There is, in effect, no deadline for the resale of the bank back into private hands. Bottom line - excess capacity will remain, and many banks will in essense become government run. As for the RTC, at the rate at which they are selling off property it will take them 100 years to get rid of their current assets (which do not include the vast bulk of stuff that will eventually come to them.). Would you, a private investor want to buy a property with that kind of overhead hanging over the system? Sounds like the Japanese are screwed. Clark

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