The broader-based TOPIX is currently at 896.88, down 1.424 percent.

--- On Wed, 9/30/09, Michael King <[email protected]> wrote:

From: Michael King <[email protected]>
Subject: Re: 8.3 earthquake off Samoan islands (Tsunami News from Tokyo) (and  
a modest proposal)
To: [email protected]
Date: Wednesday, September 30, 2009, 6:31 PM

A special edition of The Polka?

On Wed, Sep 30, 2009 at 4:58 PM, Doug Elrod <[email protected]> wrote:



This precipitated one of the few Tokyo live reports (Margaret Connelly

(sp?)) that I can remember since the "Business News from Tokyo" days.

Anyone remember any other?



-Doug Elrod ([email protected])

P.S.  Hearing about the rating agencies being grilled in Congress, it

struck me that the problems with them would largely go away if they

were just transformed into "bookies", of a sort.  Simply have them be

the only ones allowed to issue the (*also* troublesome) "credit

default swaps", and if their "ratings" (seen via how they price the

CDS's) are correct their profits will be maximized, just the same as a

skillful bookmaker!  And there would be no problem making such ratings

public.  Has this been proposed before?











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