[PEN-L:4711] Re: Sumitomo winner of 1996 Barings Award

[D Shniad <shniad@xxxxxx>]

According to a couple of reports that I read, unspecified industry
observers are concerned that the instability caused by Sumitomo in the
metals markets could reverberate into other commodities and beyond.

Sid Shniad


> > At 4:25 PM 6/17/96, D Shniad wrote:
>
> >The Sumitomo conglomerate has been selected as the 1996 winner of the
> >Barings Bank Award for providing case evidence that the unregulated
> >market functions best without government control or intervention.
> >Nominations are now being taken for the 1997 Award.
>
> Not to be the skunk at the awards picnic, but what real world fallout was
> there from Barings, and is there likely to be from Sumitomo?
>
> Doug
>
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> Doug Henwood
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