-Caveat Lector- ___________________________________________________________ Red Alert: Fear of Increasing Failures and Foreign Domination May Lead to Nationalization of Japanese Banks Summary Speaking in Tokyo on April 13, Hakuo Yanagisawa, head of Japan's Financial Reconstruction Commission, said that he feared many Japanese regional banks may intentionally go under, judging that relying on the government safety nets is more profitable than continuing to operate under current conditions. Yanagisawa said he was worried that if too many regional banks collapse, foreign banks will dominate the Japanese financial landscape. In commenting on the voluntary closure of banks, Yanagisawa asked, "If such cases are to surface, I wonder how we should prevent them?" Given the threat of a financial market consisting primarily of foreign banks, it seems possible that the solution will involve continuing moves to nationalize Japanese banks. Analysis The head of Japan's Financial Reconstruction Commission, Hakuo Yanagisawa, warned that the impending collapse and subsequent government takeover of Kokumin Bank might signal a wave of other regional banks folding. Speaking in Tokyo, Yanagisawa said, "When faced with the collapse of Kokumin Bank I strongly felt that second-tier regional banks may start finding their banking business unprofitable and thinking they may as well dump their business because the government will protect them with a well grounded safety net." He added, "Since we have established a safety net which is too perfect, the banks do not fear making a mistake. Indeed, they may voluntarily start going under. If such cases are to surface, I wonder how we should prevent them." visit STRATFOR's web site http://www.stratfor.com/services/aiu/ ====================================== Nationalize all banks all the time. Not just when they are failing do to the greed and incompetence of private bankers. Banking is way too important in a modern society to leave it in the hands of capitalists. Joshua2 DECLARATION & DISCLAIMER ========== CTRL is a discussion and informational exchange list. Proselyzting propagandic screeds are not allowed. Substance—not soapboxing! These are sordid matters and 'conspiracy theory', with its many half-truths, misdirections and outright frauds is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRL gives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credeence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://home.ease.lsoft.com/archives/CTRL.html http:[EMAIL PROTECTED]/ ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
