Just wanted to give you a update on the Credit Crunch.......
"Following the problems in the sub-prime lending market in America and
the run on Northern Rock in the UK, uncertainty has now hit Japan.
In the last 7 days Origami Bank has folded, Sumo Bank has gone belly up and
Bonsai Bank announced plans to cut some of its branches. Yesterday, it
was announced that Karaoke Bank is up for sale and will likely go for a
song, while today shares in Kamikaze Bank were suspended after they
nose-dived. While Samurai Bank is soldiering on following sharp
cutbacks, Ninja Bank is reported to have taken a hit, but they remain in
the black. Furthermore, 500 staff at Karate Bank got the chop and
analysts report that there is something fishy going on at Sushi Bank
where it is feared that staff may get a raw deal"
japan banking crisis
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