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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Diamond Jim who wrote (8617)	11/8/1998 1:13:00 AM
From: Jeffrey D	Respond to of 42834

Jim:<<Jeffrey, do you think this will have an impact? Seems in Japan, you have to now pay a bank to get them to hold your money.>> Jim, what next for Japan? I think you mean above that you have to pay the government to hold your money because you are petrified to leave it in a bank. See part of article below: <<In effect, that means people buying those bills were willing to pay the Japanese government a small fee to hold their money -- because they didn't want to take the risk of depositing it in one of Japan's troubled banks, even though the bank would have paid them a small amount of interest.>> I really don't know what, if any, impact this will have on Japan or on us. Anyone out there with a thought on this? What, no FDIC type program in those banks? Jeff