[PEN-L:4727] Re: Sumitomo winner of 1996 Barings Award

[blairs@xxxxxxx (Blair Sandler)]

Given the quiescent reaction of the U.S. public to the S&L bailout, it's
not my impression that Sumitomo, Barings, the Fed, or anybody else fears
stiffing the taxpayers with the bill for subsidizing corporate shenanigans.

Blair Sandler
blairs@xxxxxxx


At 1:50 PM 6/18/96, Richardson_D wrote:
>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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