Japanese taxpayers to bailout US fat cat bankers!
I'm sure the Japanese taxpayers are all going to get kind of warm and fuzzy over this.
According to an economist interviewed by the Japanese Times:
Ichikawa said there is more than a 50 percent chance that Japan will inject public funds into the U.S. financial sector after the Lower House election, which is expected as early as November. The call for the contribution is likely to come once the new U.S. president is elected Nov. 4, he said.Good grief. Yeah, let's hurry up and have the election, and wait until only afterwards to use the Japanese taxpayer money bailing out the rich in America. (It'll be just our secret until after the election. ;-) ) What a development. In other news, the yen might reach as high as 90 in the near future. That's good for me in the short term, as I live in Japan. But honestly, what I really want to see is a more liberal (in the traditional sense) economy in both Japan and America. I don't want to see the Japanese taxpayers bailing out banks in America. Good grief.
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Eck... it's an economist at
Eck... it's an economist at Credit Suisse in Tokyo who has floated this balloon...
I'm sorry that America has a situation which has spiraled so far out of control... it's unbelievable... it's the unwinding of the massive levels of leverage... it's like nuclear fallout...
I've been in Tokyo once... for business... and a little sightseeing with a friend who was the wife of a diplomat... loved it...