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To: sammaster who wrote (175317)	6/25/2002 10:37:01 PM
From: Tom Smith	Respond to of 436258

interestingly, up until lately many japanese investors were out of the japanese markets.....most of the junk was owned by the banking system, the source of their banking woes. several months ago bank accounts were limited in the amounts guaranteed...this had the effect of flushing out savings, some of which flowed into banking distribution of stock/trash. then came the limit on short selling scam that many savers saw as a free ride to Nikkei 14000.....didn't get that high but the banksters were able to pin the tail on many donkeys. still, the japanese banking system is likely, because of nonperforming paper, to experience bk's as these markets slide. Without short sellers covering, that slide could be breathtakingly fast...Let's see, South American/Latin contagion, Japanese banking system defaultion, American markets rife with corruption and fraud (anyone have a list of Arthur Anderson clientele for say last 3 years?) total world debt with essentially unservicible interest payments, USD pilloried silly.......perhaps if we just hold hands, bundle the debt and work together everything will be fine....ummmm, anyone want to be a debt-slave for the rest of his life?