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 7 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 trading of shares in Kamikaze Bank were suspended after they nose-dived. While 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. PS - I just heard that the Bank of Iceland has had its assets frozen!
While 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.
PS - I just heard that the Bank of Iceland has had its assets frozen!
Origami has folded, Sumo has gone belly up, Bonsai has cut its brances, Karaoke will go for a song and Kamikaze has nosedived? A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
BBC NEWS | Talk about Newsnight | Friday, 19 October, 2007
And finally Newsnight viewer Chris Mills sent in this Joke fit for an eleven year old: "The knock on from the recent US sub prime market problems, that hit Northern Rock among others, shows no signs of letting up. In fact it has now badly affected the banking system in Japan. In the last 7 days the Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank plans to cutback some of its branches....."
