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Non-Tech : Derivatives: Darth Vader's Revenge
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To: Worswick who wrote (81)9/14/1998 9:31:00 AM
From: Worswick  Read Replies (1) of 2794
 
09.14.98 (C) Wsj
For Private Usae only
"....The fallout from the continued economic deterioration could also eventually hit the banking system. Already, the swelling number of bankruptcies is creating concern that banks' huge portfolios of bad loans will grow further as more borrowers fail.

With the economy contracting and negotiations over how to deal with weak banks mired in politics, some investors are concerned that Japan could eventually face another banking crisis similar to the one that occurred a year ago. The failure of a major bank and a major broker last November started an alarming funding squeeze among all Japanese financial institutions as the number of overseas institutions willing to lend to them plummeted".
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