Wednesday, October 8, 2008

Japanese banking crisis

Following the problems in the sub-prime lending market in America and the run on HBOS in the UK, uncertainty has now hit Japan.

In the last 7 hours 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 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.

7 comments:

astroavocado said...

So, humor can invade economics? I like it.

Scott Grannis said...

We need much more humor at times like these.

Chris said...

Cute.. Took me a few sentences to catch on...

CDLIC said...

Economists do often have a sense of humor. I recently asked an economist for her phone number....she gave me an estimate.

CDLIC

Lynn W said...

Golly, I was all the way to Karate Bank before becoming suspicious. You're priceless, Scott.

CDLIC said...
This comment has been removed by the author.
CDLIC said...

Scott,

Your Jamanese Bank humor is now making the rounds on the Internet. Below the latest version:

"Following the problems with Lehmann Bros and the sub-prime lending market in the USA, uncertainty has now hit the Japanese banking industry. .

In the last 7 days Origami Bank has folded, Sumo Bank has gone belly up, and Bonsai Bank announced plans to truncate its operations and cut many 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 Kamikasi 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.

Some people have fertile minds!"