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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Defrocked who wrote (4953)	6/30/1998 10:27:00 AM
From: Joe Dancy	Respond to of 9980

Couple interesting articles on Japan's crisis of confidence and the major bank merger in Japan: detnews.com nytimes.com Joe

To: Defrocked who wrote (4953)	6/30/1998 10:51:00 AM
From: Michael Sphar	Read Replies (1) \| Respond to of 9980

On reflection, I think you may be right. I was taking this info from email sourced by TheStreet.Com yesterday to wit: << Does a Bridge Bank Go Far Enough? By Justin Lahart Senior Writer ..."We knew it, there was no question there wasn't enough," recalled Bert Ely, head of Ely & Co. and a regular commentator back in the S&L days. "It wasn't until 1990 that they fessed up to what the total cost would be. What they did in '89 was put the mechanism in place, but they intentionally lowballed." The final cost of the S&L bailout came to somewhere between $155 million and $160 million, with $125 million of it coming out of taxpayers' coffers...>> His digits were the ones that slipped not mine. I just failed to use any logical analysis whatsoever.<g> Seems like if it isn't in the billions or trillions its not worth counting anymore.

To: Defrocked who wrote (4953)	6/30/1998 1:48:00 PM
From: Investor2	Read Replies (1) \| Respond to of 9980

Re: "Be that as it may, the relative impact of the banking and credit problems in Japan is greater than the S&L crisis in the US." Please give me your opinion of this statement: The relative impact of the Japanese banking/credit problems on Japanese businesses and citizens is likely to be greater than the impact of the US S&L crisis on the US citizens. However, the impact that the currentJapanese problems will have on the US economy may not be as large as the US experienced during the S&L crisis. Best wishes, I2