Sunday, April 27, 2008

Problems for Blinky Ishihara?

What could it be? The Chinese? Koreans? All non-Japanese? Women? The African-American men in Guam? Which of Blinky's nemisis are causing trouble?

In 2005, our courageous bigot started a bank because the other Japanese banks were in a mess and reluctant to hand out money to just about any fool who asked as had been the practice during the Bubble. In 2008, our bigoted genius' bank was mired in its own mess due to bad loans. Blinky denied any responsibility saying that it was the fault of the incompetents whom he appointed. He was even able to get the Tokyo Metropolitan ASSembly to approve a taxpayer bailout of his idiocy.

Now Blinky will likely escape any serious personal liability for this as he seems to be as slippery as Slick Willie was, but with only about half the sense.

Japan's Financial Services Agency said it will investigate ShinGinko Tokyo Ltd., the unprofitable lender founded by Tokyo's government in 2005.

The FSA, which announced the probe yesterday on its Web site, didn't provide any details. Bloomberg.

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