You may have already heard about the troubles in Japan: Yesterday the Origami Bank folded. Sumo Bank has gone belly up. Bonsai Bank announced plans to cut some of its branches. Yesterday, it was announced that Karaoke Bank is up for sale and will likely go for a song, while trading in Kamikaze Bank shares was suspended after they nose-dived. Samurai Bank is soldiering on following sharp cutbacks. Ninja Bank is reported to have taken a hit, but they remain in the black. Furthermore, 500 staff at Karate Bank got the chop, and analysts report that there is something fishy going on at Sushi Bank, where it is feared that staff may get a raw deal. And finally, there has been a tidal wave of foreclosures at Tsunami Bank.
The Blitzkrieg Bank, after expanding rapidly through a series of hostile takeovers in Poland and Czechoslovakia, found its expansion plans stalled when its credit and cash supply lines were stretched to breaking as it entered the highly competitive Russian market. The Gasuntheit Bank has found the recent economic climate very chilly. The Shadenfrued Bank avoided making loans in the risky subprime mortgage markets, and is now very sorry to hear about the troubles plaguing its competitors. The Löwenbräu Bank was drunk with profits from marketing CDOs but now finds itself suffering from a serious default hangover.
Have any of you heard of similar problems in the global economy?