More bad financial news...now from Japan

Received an unsolicited email today. It is best that you check the validity and correctness of the report with your broker and other sources.

The email is read as follows:-

Regrettably, more bad financial news. Following the problems in the sub-prime lending market in America and the run on Northern Rock in the UK, uncertainty has now hit Japan.

In the last 7 days:

Origami Bank has folded,
Sumo Bank has gone belly up
Tempura Bank is in hot oil
Bonsai Bank announced plans to cut some of its branches.
Karaoke Bank is up for sale and will likely go for a song
shares in Kamikaze Bank were suspended after they nose-dived.
Samurai Bank are soldiering on following sharp cutbacks,
Ninja Bank are reported to have taken a hit, but they remain in the black.
500 staff at Karate Bank got the chop.

Analysts report that there is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal.

"shinu! shinu!"

* Bloomberg: Wells Fargo took over Wachovia Corp after Citigroup walks away. The deal for the entire company cost Wells USD15b.

* Perth Mint doubles its gold output as investors seek safety from credit crisis.

* Singapore is now technically in recession. (2nd Q GDP -5.7%, 3rd Q -6.3%). Singapore which does not use interest rate as a policy tool to shape its monetary stance but uses currency instead is now in "zero percent appreciation" stance now.