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Non-Tech : Derivatives: Darth Vader's Revenge
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To: Worswick who wrote (62)9/9/1998 2:38:00 PM
From: Sam  Read Replies (1) of 2794
 
Clark,
Last spring, Moody's lowered Japan's rating to...I forget to what. Then the Japanese Finance Minister screamed bloody murder and said that Moody's was being ludicrous, that Japan Inc had over $10 billion dollars in reserves, and access to more than that, and that there was nothing to worry about. It blew over in a couple of days. I don't think that Moody's changed their lowered rating, but the issue was dropped. After all, why think about that when you can think about home run records and Monica L? What fun.
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