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To: Ahda who wrote (35861)	6/24/1999 10:23:00 PM
From: Mark Bartlett	Read Replies (1) \| Respond to of 116779

Darleen, <<I disagree with you Mark Japan produced goods more efficiently than we did. We consumed them, in some cases they were better than ours and made us think twice......>> You are right on both counts ... they produced more efficiently and they were (and still are in many cases) better. Hence I drive Japanese cars. Notwithstanding that, they created a system that became way over-leveraged, especially in real estate. I think at one point Tokyo was worth more than the state of California ..... it was clearly unsustainable - there was no way that enough revenues could be generated to pay back those loans. As far as the US goes, we clearly have another asset bubble ..... the Japanese want to lower their yen to compete and the US does not want their US dollar to go too low, because of its likley effect on the asset bubble ..... a great combo! <<What happens to all the people who are margined or in credit up to the hilt in the market whosh payback is gone. >> Indeed - what will happen to many of us! MB

To: Ahda who wrote (35861)	6/25/1999 6:57:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116779

Is this the unreported quote, "And I may not cover you again."? Thursday June 24, 3:42 pm Eastern Time Fed wants better risk monitoring at big banks WASHINGTON, June 24 (Reuters) - The Federal Reserve said on Thursday it has asked banking supervisors to improve their monitoring of risk-taking by big, complex banks that account for a growing share of U.S. banking assets. In a statement, the Fed said it was felt a letter of guidance to supervisory staff and to bankers was needed ''during a time of dramatic change in the financial system'' as a small number of banks assume a growing role in the nation's banking system. Fed officials have said recently that they were putting increasing importance on supervison of the activities of a small number of big banks to ensure the safety and soundness of the banking system. Fed Governor Laurence Meyer mentioned it earlier this month at a conference of state banking supervisors in Williamsburg, Va. The Fed said its latest supervisory letter ''builds upon the Federal Reserve's existing risk-focused supervision program by providing more specific guidance on the applicability of this program to LCBOs (Large Complex Banking Organizations).'' The letter said a central component of supervision should be ''assignment to each LCBO of a dedicated supervisory team comprising individuals with specialized skills'' to judge a particular bank's business lines and risk profile. It called for ''a full-time, deicated cadre'' of experts for each bank that could also do examinations and targeted reviews as necessary. The Fed said this type of supervisory expertise is needed as big banks move into nontraditional areas like securities underwriting and dealing, derivatives trading and the packaging of loans as securities for sale. (cont) biz.yahoo.com

To: Ahda who wrote (35861)	6/25/1999 7:21:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116779

<<I disagree with you Mark Japan produced goods more efficiently than we did. We consumed them, in some cases they were better than ours and made us think twice..>> Japan is not all "purity and good" in these actions, much of their technology was directly stolen!! Texas Instruments (and many others) have won great judgments against some Japanese firms. Their protectionist policies are the stuff of legend. Their import tarriffs are not even applied with any day-to-day consistency and the same can be said of their "safety restrictions". One can not honestly view the near total lack of American goods(including even things as basic as rice or apples) in their economy as strictly related to quality. Why is it that after 25 years of work to raise, graft, and otherwise adapt Washington state apples are we able to sell less than 1/100% of the apples in the Japanese market? Why do even Harley Davidson's sit in their customs(when the demand is great) passing first one standard, then failing a new revised standard the very next day - 30 days 30 import staandards? Why does rice sell for 4X the price of the same grade and breed of rice in the US?