Friday, August 12, 2011

Japanese Banks A Joke

Protesters (?) outside Ashikaga Bank's Ohtawara branch.

With hard times ahead for most of the world economies, it should come as no surprise that Japan's many banks have been hit almost as hard as the U.S. banks. 

Here's a short run-down on what is going on with Japan's banks: 

  • The Origami Bank of Japan folded on August 3, 2011;

  • Japan - It's A Wonderful Rife has heard that the Bank of Sumo has gone belly up, too, on August 4, 2011; 

  • The Nippon Bank of Bonsai has faced some hard times and has been forced to cut some of its branches in July of 2011; 

  • The Gaijin Karaoke Bank is up for sale and reportedly going for a song; 

  • Staff at the Karate Bank of Tochigi got chopped last week; 

  • Analysts are reporting something fishy at the Ichiban Sushi Bank, where workers are going on strike over the raw deal of no new raises. 

Personally, I think Japan's citizens need to get their money out of the US dollars and out of the Japanese banks, and instead invest it all into the my favourite bank, The Bailey Building & Loan


Andrew Joseph

PS: The Bailey Building & Loan is the bank mentioned in my favourite movie: It's A Wonderful Life, which liked this blog so much that they almost used the same title. Or something like that.

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