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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (3610)	3/26/2002 10:49:15 AM
From: Canuck Dave	Respond to of 4409

Canadian banks aren't tottering on the brink of insolvency. They have hard assets as collateral (all that land is always worth something). Japanese banks' values are to a large extent backed by stocks. They have carried these "assets" on the books at the purchase price, not the market price (guess which is higher). April 1, they have to report at 'at market'. They also have a lot of bad loans they keep carrying, and it is alleged the Japanese mafia have siphoned off funds which will one day come out. Add in a reluctance by the politicos to fix things, and it is a dangerous mix. At least, that's the way I read things. CD

To: re3 who wrote (3610)	3/26/2002 10:58:45 PM
From: lbs1989	Respond to of 4409

Dear Retired, The Japanese deposit insurance is being reduced to a new level. Therefore if you had money in the bank at the old maximum level, as of April 1st, the difference is now NOT insured. The conservative savers are looking for a place to park the difference between the old and new maximum coverage level. Hope this adds to what Dave said. Thought I would add my two cents since I was from just the other side of Lake Eire and am probably more trust worthy than say someone from California!! Best Regards,