Japanese sub-prime woes
The following humorous sketch ended up in my inbox a few days ago:
“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 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.
“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 … “
Source: Hat tip to the person who sent this to me, but I have been unable to ascertain the original source.
More on this topic (What's this?)
Equinix to Buy Bit-isle for Greater Scale in Japan (Telecom Ramblings, 9/8/15)
How Bankers Intervened and Stopped a US Stock Markets Crash on July 8 (the Underground Investor, 7/23/15)
Something Wicked This Way Comes (the Underground Investor, 8/11/15)
Performance Optimization WordPress Plugins by W3 EDGE