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To: Sawtooth who wrote (11530)	6/16/1998 11:47:00 AM
From: Valueman	Read Replies (1) \| Respond to of 152472

Tim: You made the same point I wanted to make--that is, I am sure the rest of the world looked at the US as a mess when we had hundreds of billions of bad loans in our S&L's. If only we could have known what would ensue in the next 8 years! THAT was a buying opportunity. Now, the situation differs in Japan in that they can't give the gift of a wide spread to their banks, but there are definitely ways to pull them out of their mess. I don't think the Japanese sky is falling.

To: Sawtooth who wrote (11530)	6/16/1998 1:17:00 PM
From: limtex	Read Replies (1) \| Respond to of 152472

Tim A - Yes we had one as big so was the secondary banking crisis in england the seventies. But we recognized it, sorted it, cleaned it up and re-legislated to try to ensure that it didn't happen again. The companies that were bust ...went bust and were liquidated and there are more jobs today and most of those who lost thier jobs then have new jobs today and got on with their lives and got over it. Thats all the Japanese have to do nothing fancy just clean it up but do it now and if they need help go get Price Waterhouse and Morgan Stanley and a few lawyers and they'll gladly do it for the Japanese. Regards, L