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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: 4figureau who wrote (4334)	5/7/2003 9:59:13 AM
From: 4figureau	Respond to of 5423

List News: PMV.V PMI Ventures Ltd. Announces Initial Drill Results from Ashanti II Deep Gold Project - CCNMatthews biz.yahoo.com NPG.V Nevada Pacific Gold Ltd.: Keno Hill Silver Project Update - CCNMatthews biz.yahoo.com

To: 4figureau who wrote (4334)	5/7/2003 4:31:51 PM
From: Jim Willie CB	Respond to of 5423

$84B is only a start on the $1600B in bad loans total Japanese banking system bad loan portfolio is estimated widely to be at least $1.5 to $1.6 trillion this amount of $84B is a drop in the bucket they finally are employing a US-style Resolution Trust Corp liquidation effort if portfolios are worth 50 cents per dollar, then they will eventually require a hefty $800B if worth 25 c/$, then need $1200B this is a drop in the bucket with real estate down over 50% with countless failed corporations (read: zero salvage) this will have to be repeated at least 6-10 times but finally, a start MORE CRITICALLY IMPORTANT THOUGH IS THE LIQUIDATION PHASE IF REAL, THEN SOME SALES OF OTHER STRONG ASSETS WILL BE REQUIRED IN ORDER TO REMAIN SOLVENT this IRC (RTC) effort will certainly have some tough measures Japan holds $430 billion in USTBonds / jim