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To: TobagoJack who wrote (22813)8/19/2002 6:29:58 AM
From: Snowshoe  Read Replies (1) | Respond to of 74559
 
'does the mayor of New York have the authority to deposit city purse with a Japanese bank?'.

Totally irrelevant. Japanese banks suck.

The sum of USD 800 mm is small matter to Citi, and smaller still for Japan's JGB market.

First you were alarmed about this news. Then I point out some alternate implications and now you dismiss the amount as a small matter? Give me a break!