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To: NickSE who wrote (53147)	9/17/1998 11:52:00 PM
From: philip TESORIERO	Read Replies (1) \| Respond to of 58727

QUESTION?? does anyone know of a free web site to get realtime option quotes. for regular quotes i use www.freerealtime.com but they dont offer option quotes . thanks to who ever can help

To: NickSE who wrote (53147)	9/18/1998 7:33:00 AM
From: Lee	Read Replies (1) \| Respond to of 58727

Orbit,..Re:Sounds like Japan might have a solution sooner than we think and we might still have a pulse left on that bull after all. <vbg> Sounds like you're right from the news this morning. Finally the LDP had to concede more than planned since it appears the opposition has prevailed. LDP had analysis paralysis! <VBG> biz.yahoo.com Friday September 18, 7:08 am Eastern Time Japan's Obuchi gets steamrolled on banking deal At the heart of the dispute was the opposition's drive for a tougher stance on a clean-up of the nation's banking system, which is hobbled by bad loans. Good news for Friday morning. Lee

To: NickSE who wrote (53147)	9/18/1998 3:38:00 PM
From: NickSE	Respond to of 58727

Party leaders compromise on fix-it plan, putting LTCB in state control September 18, 1998: 8:42 a.m. ET NEW YORK (CNNfn) - After two days of grueling talks, Japanese politicians reached agreement Friday on a plan to rescue the troubled banking sector, saying it will put one of the nation's largest banks under temporary state control. In efforts to rescue banks crumbling under the weight of their bad loans, the government's ruling and opposition parties compromised on a plan to place cash-strapped Long-Term Credit Bank of Japan under its control and abandon a plan by the Liberal Democratic Party (LDP) to use a bank recapitalization fund to inject taxpayers' money into the bank. The ruling LDP also agreed to strip the Finance Ministry of its financial policy powers by the end of the next parliament session, probably in June 1999, a major concession to opposition demands. The government was eager to wrap up talks on the touchy topic before Prime Minister Keizo Obuchi leaves for a summit in the United States Sunday. Obuchi, who is set to meet President Clinton Tuesday, was eager to report that the wheels are in motion on a plan to clean up the bad loan-laden banking system is well on its way to implementation. The main opposition Democratic Party and the ruling LDP confirmed the agreement had been hammered out Friday. A third opposition party, the Liberals, held out for further talks to press tougher demands, but passage of enabling legislation would not require its support. Analysts say the plan will weed out the weakest banks and force others to straighten up their loan policies to survive. Efforts by banks to clean up their loan books, they added, will likely prompt them to further limit their lending, adding to the credit crunch already weighing down Japan's battered economy. "That will create an incentive for big banks that are strong enough to stand on their own to try harder to restructure," said Lehman Brothers senior analyst Nozomu Kunishige. "Banks that are not strong will have no alternative but to seek public funds or collapse." The Japanese government estimates total problem loans at a minimum of 87 trillion yen, but those tracking the industry say the actual figure may be far greater. Earlier this week, U.S. credit rating agency Standard & Poor's said the total could be equivalent to 30 percent of Japan's annual gross domestic product, more than 150 trillion yen. S&P said Japan will need to spend up to 75 trillion yen in public money to solve its banking crisis. Tokyo has unsuccessfully tried to encourage bank lending and help troubled banks survive by making public funds available. The hope was that would prompt mergers and consolidation in the industry. So far, that hasn't happened.