Thursday, 9 October 2008

Credit crunch

I'm not sure that I really want to post this received in an email, but here goes.

Following the problems in the US sub-prime lending market in America and the run on Northern Rock in the UK, uncertainty has hit the Japanese banking market. In the last seven days Origami bank has folded, the Sumo bank has gone belly up, and Bonsai bank announced plans to cut some of its branches. Yesterday it was announced that the Karaoke bank is up for sale and is expected to go for a song. Shares in the Kamikaze bank were suspended after they nose dived. The Samurai bank is soldiering on after making sharp cut backs, the Ninja bank has taken a hit, but remains in the black, while 500 staff at the Karate bank got the chop. Finally analysts think that there's something fishy going on at the Sushi bank, where it is feared that staff may get a raw deal.

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