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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (62)	9/9/1998 1:34:00 PM
From: Henry Volquardsen	Read Replies (2) \| Respond to of 2794

I would like to see a list of the total exposures of the Japanese banks as well. The problem is no one has that information. Of all the developed nations the Japanese have the poorest reporting standards. In addition the regulatory environment is very chummy so you never can tell what is going on behind the scenes. FWIW Moody's and the other agencies have been doing as good a job as possible with the limited info available. They have also been warning about the Japanese banking system for some time.Anyone paying attention would have reduced their risk to Japanese banks. I did.

To: Worswick who wrote (62)	9/9/1998 2:38:00 PM
From: Sam	Read Replies (1) \| Respond to of 2794

Clark, Last spring, Moody's lowered Japan's rating to...I forget to what. Then the Japanese Finance Minister screamed bloody murder and said that Moody's was being ludicrous, that Japan Inc had over $10 billion dollars in reserves, and access to more than that, and that there was nothing to worry about. It blew over in a couple of days. I don't think that Moody's changed their lowered rating, but the issue was dropped. After all, why think about that when you can think about home run records and Monica L? What fun.