You think we have a banking crisis?...

[August]

... It's nothing compared to Japan!

I've just read that uncertainty has now hit the Japanese banking sector:

In the last 7 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 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!


















:D

[Happy Times]

Lets see who bites.:)

[Sailor Steve]

I can only take so much punishment.

[FIREWALL]

Good one August :D :up:

[Digital_Trucker]

I feel much better about our economic situation now http://i19.photobucket.com/albums/b173/digital_trucker/Smilies/sarcasm.gif

[Tchocky]

Till about halfway down - How have I not heard of this?!!?

:lol:

[AVGWarhawk]

I think a lot of banks are in trouble. It was the American banks that broke the ice first and raised their hands. Now others around the world can follow suit as a result. Banks are a business. Not just a place to store your cash. Being they are a business, they are open to failure as we are witnessing around the world. How did all of them get this way? I'm not sure really. Poor business practices and decisions? To much speculation? I do believe everything will stablize but it will certainly take more than a week. It might be good to take the hit we are on Wall Street. Sometimes I think we are getting to big for our britches. What about Kamakazi Bank?

[Konovalov]

:lol: :lol: Nice one.

[Sailor Steve]

:rotfl: :rotfl: :rotfl:

GOT ONE!

Unless AVG is too subtle even for me...

[AVGWarhawk]

:rotfl: :rotfl: :rotfl:

GOT ONE!

Unless AVG is too subtle even for me...

Not at all Steve...August got me on that one :rotfl:

[Diopos]

:lol: :lol: Nice one.

Konovalov,
taking into account the current economic crisis maybe it's time to reevaluate your signature! :yep:
:D :D :D

[Dan D]

Investment advice from England:

"If you had purchased £1,000 of Northern Rock shares one year ago, they would now be worth £4.95. With HBOS, earlier this week, your £1,000 would have been worth £16.50. £1,000 invested in XL Leisure would now be worth less than £5. But if you bought £1,000 worth of Tennants Lager one year ago, drank it all, then took the empty cans to an aluminium recycling plant, you would get £214. So based on the above statistics, the best current investment advice is to drink heavily and recycle."

[August]

:rotfl: :rotfl: :rotfl:

GOT ONE!

Unless AVG is too subtle even for me...
Not at all Steve...August got me on that one :rotfl:

:sunny:Don't put me on ignore...

[Frame57]

These situation must be a compound problem. Here is the USA the dems are blaming Bush naturally. In all fairness there has been lack of leadership. But the administration is not the cause. The cause goes back to the 70's where the banks were forced to start giving loans to those who should not have loans, then the greed factor came in slowly thereafter and finally caught up with us. If other countries followed this pattern that would explain things.

[AVGWarhawk]

:rotfl: :rotfl: :rotfl:

GOT ONE!

Unless AVG is too subtle even for me...
Not at all Steve...August got me on that one :rotfl:
:sunny:Don't put me on ignore...

After I read it again...WTH:o...I have been had!!:rotfl:

[Konovalov]

:lol: :lol: Nice one.

Konovalov,
taking into account the current economic crisis maybe it's time to reevaluate your signature! :yep:
:D :D :D
I was wondering how long it would be before someone commented on that sig. :)

[Hitman]

Let us see now if there is still some sense of honour in Japan un like in Europe and USA. Now where are those katanas to perform sepukku / hara kiri ? :stare:

[bookworm_020]

In Australia the four biggest banks are sitting pretty, as they aren't exposed directly to the losses (or very little exposure) and have less 0.5 of a percent in sub prime loans, this means that the loans they do have are far smaller risk. Because of this they can boost there profits by not passing on the full intrest rate cut (0.8% instead of 1%) as well as jacking up the intrest rates when the credit crunch hit.

I know there profits aren't going to take a dive, one of them is even buying up the Australian arm of one of the failed US banks for peanuts, and it's profitable from day one!

http://business.smh.com.au/business/its-a-win-win-win-situation-20081008-4wsq.html