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To: Knighty Tin who wrote (193617)	9/25/2002 9:26:46 AM
From: Alias Shrugged	Read Replies (1) \| Respond to of 436258

Mike Did you see the piece in the WSJ today re: EDS and their fabulously successful "short puts to fame and riches" program. They seem to have hit a snag or two. But, don't worry, it won't impact cashflow or earnings! LOL What's that saying of yours? "Stupid is as Stupid does." Mike

To: Knighty Tin who wrote (193617)	9/25/2002 12:52:21 PM
From: maceng2	Read Replies (1) \| Respond to of 436258

The correct term may be intervention instead of time out. Yes, I can understand the desire for action. The financial sector generally seems to do a lot of "beating about the bush" when it comes to dealing with problems though. The most important points are (a)What went wrong in the first place (re Jap banks)(b)how is problem going to be fixed, and (c)how is re-occurance going to be prevented. Bailing out the banks with public money may the right thing to do. Lets face it, the average Japanese citizen has a fair amount of money stuffed in the mattress, works, and drives a new auto. Public works and standard of living are most enhanced in Japan. The crucial questions are still (a),(b), and (c) as above though because repetition will surely cause massive problems. I can just imagine how this statement would go down in the USA if announced -g- Masajuro Shiokawa (pictured), Japan's finance minister, said on Wednesday he would consider the use of public funds to help banks dispose of their non-performing loans, dealing another blow to the Financial Services Agency, which believes Japan's banking system is not in crisis and does not need a government bail-out. "It is all right to use public funds if necessary," said Mr Shiokawa. "But it must be effective so as to strengthen banks' health." news.ft.com