To: Cage Rattler who wrote (181 ) 12/4/1997 12:18:00 AM From: Staff Read Replies (1) | Respond to of 233
Funs & games just starting .. News wire Wednesday, December 03, 1997 at 22:23 >>>> TOKYO, Dec 4 - Tokyo stocks were moderately lower by midday on Thursday, dragged down by worries over the health of Japan's debt-ridden banking sector after a rating agency said it might cut the ratings of some banks, brokers said. By midday, the key Nikkei average had lost 134.26 points or 0.81 percent to 16,451.25. Nikkei 225 December futures fell 180 points to 16,460. "Sales in financial stocks, including banks and brokerages, depressed the Nikkei average," said a broker at a second-tier Japanese securities house. The losses were triggered by news on Wednesday that Moody's Investors Service had placed its ratings for three regional Japanese banks -- Ashikaga Bank Ltd (TOKYO:8335), Hokuriku Bank Ltd(TOKYO:8357) and K Kiyo Bank Ltd (TOKYO:8370) -- under review for a possible downgrade, traders said. EPA Minister Koji Omi said on Thursday that the agency plans to drop the words gradual recovery from its monthly economic report. The economy has stalled, in short that's the most appropriate way to describe it," Omi told reporters. <<<<<< They forgot Yasuda bank but who's counting? Possible downgrade they say... I'll take some of that action:-D Even give you 2 to 1 odds Ashikaga dosn't make it threw Monday before they are junk bond solid.... Main question is...not if they will be downgraded but are they toast? These guys almost make South Korea look legit. The IMF sure has their act together in that fiasco. WOW! what a group of pro's these guys are... Sure santa isn't running the world bank or something? I need them for my bank. See... I need 20 billion and they say ok. Then it's oh... oh wait... make that 50 billion ... yeah... we need 50 not 20... they go OK... I go wait... make it aaahhhh ...55...or maybe even 58 billion ... and they still say.. OK. Let me ask you a good trivia question. If you could print 10,000 ea. $100.00 bills every 5 minutes how long would it take you to actually print 58 billion in stacks of hundo's anyway? Where is all this dough going to come is really going to get interesting? Or should I say..what countries general population are they going to flim flam on this one. Sorry.. but a little over sarcastic tonight...but this just blows me away.... everyone just sits around like its business as ususal. How do they go from 20 to 58 without saying... hey... we lied out @sses off to you initially or #2... we just have no clue what the heck is going on anymore ... we owe so much we can't efen add it all up anymore...maybe its the furniture who knows... That damn furniture they forgot about is really adding up that the ticket!!! 1st it was 20 billion.... then 50 billion yesterday.. then 55 billion by noon ...now 58 billion tonight! Don't tell the IMF about the carpets that they still owe the dough on or she could hit 75 billion by the weekend.... OK... enough sarcasm but what a farce... these are billions gang not a few hundred bucks.... This is freud, plain outright lying, a real tragedy where people who where in charge just blew an entire eccomony right out of the saddle.You and I get jail time for this but they get a bank load of 58 billion. Makes me wonder if anyone anywhere has a clue! I wisah I was involved in this one Who the heck is going to know if a few billion or two dosn't fall off the truck on the way over there anyway? :-) I could use a little extra glue during the holidays :-) How is this going to effect wall street.... aaaaahhhh... wall streets bullet proof.... I'd just keep buying ..... things are different now!