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Subprime banking crisis hits Japan
According to well-informed sources, the Japanese banking crisis shows no signs of improving. If anything, it's getting worse.
Following last week's news that Origami Bank had folded, we hear that Sumo Bank has gone belly up and Bonsai Bank plans to cut back some of its branches. Karaoke Bank is up for sale and is going for a song.
Meanwhile, shares in Kamikaze Bank have nose-dived and 500 back office staff at Karate Bank got the chop. Analysts report that there is something fishy going on at Sushi Bank and staff there fear they may get a raw deal.
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