[PEN-L:4726] Re: Sumitomo winner of 1996 Barings Award

[Richardson_D <RichardD@xxxxxxxxxxxxxxx>]

I think that you are right, Doug, there wasn't much fallout from Baring's.
 However, if Baring's (or Sumitomo) were insured by FDIC the taxpayers would
be stuck with the bills.  It is this fear that motivates the concern for
this sort of thing.

Dave Richardson
 ----------
From: pen-l
>Subject: [PEN-L:4709] Re: Sumitomo winner of 1996 Barings Award
Date: Monday, June 17, 1996 4:58PM

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

 --

Doug Henwood
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