Friday, 18 July 2008

Financial uncertainty now hits Japan

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 seven days Origami Bank has folded.

Sumo Bank has gone belly up.

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.

Samurai Bank is soldiering on following sharp cutbacks.

Ninja Bank is reported to have taken a hit, but remains 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.

3 comments:

The Dish Pig said...

What? Free market economics don't work? Nooooo!!

Syd Walker said...

It's a worry.

Another top CairnsBlog story that never found its way into the mainstream media.

Could the Judo Bank be the next to fall?

The Dish Pig said...

Michael, this is a worry. Japan is our third biggest investor. What will this mean to Australia, and more importantly to North Queensland? Why the hell can't the "Cairns Post" do some bloody serious reportage???