Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (14676)	3/13/1998 8:30:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

OFF TOPIC >>Japan banks are technically bankrupt IMO<< You may be right there. At the very least, they aren't close to meeting the BIS capital adequacy requirements -- at least they shouldn't be. I spent a few years in SE Asia doing corporate restructures, and the Japanese Banks would take forever to write off non-performing loans (in fact, they needed MOF approval to do so). With the recent surge in non-performing loans in places like Thailand and Indonesia, where the Japanese Banks are by far the predominant foreign lenders, I can only begin to imagine the magnitude of the problem. Lucky for these banks that they have become so expert at sweeping their problems under the carpet. <gg> Now the Japanese government is playing games with the stock market, pumping it up for the end of the fiscal year so that the banks can report stronger balance sheets and maybe, just maybe, pass the capital adequacy test. It's no wonder these guys have been mired in an economic slump for nearly a decade now.