Japanese Banking Crisis

Mark Feit mfeit at notonthe.net
Fri Oct 10 09:56:31 EDT 2008


Following the problems in the financial sector 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.


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