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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (4757)	11/19/1997 10:53:00 AM
From: Tharos	Read Replies (1) \| Respond to of 17367

Monday the markets here surged because of the Hokkaido bank failure, investors here thought that it would force the government to step in. Hashimoto was quoted as saying they would help. Tuesday, Hashimoto called back the newspaper to "correct" their misstatement, saying that he only said he and top officials were going to discuss the matter, not that they were going to fix it. I think I posted that sometime early yesterday. I'm not sure on that resolution trust, I know they have what I consider an eqivilent of the FDIC, and that people are not happy with it. This may be the same "resolution trust" you are asking about. I will ask a bank friend and see what he says. It's often hard to translate the kanji, for example take the Ministry of Finance, the Kanji literally mean "The Big Storehouse." A bank is a "Row" or "Line of Silver."

To: chirodoc who wrote (4757)	11/20/1997 12:51:00 AM
From: Tharos	Read Replies (2) \| Respond to of 17367

Not Xoma related -- more Japan stuff. Chirodoc, As I understand the explination given to me, the Japanese have a FDIC equivilent -- that is a Gvt backed insurance plan for individual savings accounts. They do not have resolution trust -- which I understand is a Gvt Corp formed to take into recievership the properities owned by a bankrupt financial firm in the hopes of selling off the assets to recover monies paid out by gvt. So far (exception being Hokkaido) the firms that have gone bankrup have always had a parent, like Nomura Securities, step in and absorb the losses. This is why the Hokkaido bank failure had stirred hope that the Gvt would step in because I believe it was its own corporate entity. I am trying to find out if it was backed by anyone else, but on the surface it does not look like it. John