Recession Hits Japanese Banks now..

[wabbitwabbit]

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 seven days the famous Origami Bank has folded.

Sumo Bank has gone belly up and the 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.

Today shares in Kamikaze Bank got the chop.

Analysts report that there is something fishy going on at Sushi Bank where it is feared that customers may get a raw deal.

 

[Mr Sworld]

Ho, ho, ho........

I, for one, is feeling rather smug at the moment. Guess who decided on a tracker mortgage in October before the falling interest rates started! One firm in the 'city' think they might even fall to 3% by 2009!