To: AmericanInTokyo
There was a report that Fed beefed up manpower to handle bank runs. When some banks(even if they are relatively small) go under, dollars would tank further, and Japanese could buy stuffs real cheap.
34 posted on
03/16/2008 7:14:05 PM PDT by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster; Squantos
The first rule of bank runs: get there first!
35 posted on
03/16/2008 7:15:23 PM PDT by
Travis McGee
(---www.EnemiesForeignAndDomestic.com---)
To: TigerLikesRooster
Already the oft whispered word out here in Tokyo this Monday morning is バーゲン・ベースメント ("sale", as in "fire sale", buy up stuff in the US on strong Yen that Americans with their shrinking US Dollars won't be able to afford). It is sad to see happening as an American, that's for sure.
39 posted on
03/16/2008 7:18:16 PM PDT by
AmericanInTokyo
(The GOP serves a huge cr*p sandwich every 4 years to Conservatives, & sez "shut up!, no choice!")
To: TigerLikesRooster
Actually, it was the FDIC that called back over 25 retired FDIC employees who were the experts in failed banks during the S&L crisis.
They pulled these people out of retirement.
155 posted on
03/16/2008 10:21:27 PM PDT by
NVDave
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