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To: Ron Schier who wrote (3404)	11/22/1997 4:28:00 PM
From: goldsnow	Respond to of 116818

<<<Japanese insurance companies own most of the US bond & treasury bills, not Japanese banks. Since the Japanese insurance companies are in very good shape, & making a very good return on the US Bonds & Treasury notes, they will not be selling them.>>> Ron, this is an exellent point! And they would continue to threaten US to do just that as we continue to insist on opening their market, specifically Insurance Business for the competition. If Banks would continue to fail though, it would not matter.