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Mizuho Unable To Complete ¥570 Billion Of Transactions: Money Transfers Affected Due To "System Glitch"

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Wed, 03/16/2011 - 08:11 | 1059923 sudzee
sudzee's picture

Is this average joe creating a run on japanese banks? Food and shelter may now be more important than traditional back the Gov't , at all cost, mentality.

Wed, 03/16/2011 - 08:20 | 1059959 silvertrain
silvertrain's picture

add plastic to that..

Wed, 03/16/2011 - 08:12 | 1059924 TexDenim
TexDenim's picture

System glitch = finance minister unplugged the system.

Wed, 03/16/2011 - 08:14 | 1059937 Rodent Freikorps
Rodent Freikorps's picture

Were they not bankrupt before the Tsupocalypse? Let the socialists reap what they have sown.

Wed, 03/16/2011 - 08:15 | 1059943 IslandMan
IslandMan's picture

Or a wholesale meltdown.

Wed, 03/16/2011 - 08:18 | 1059954 cossack55
cossack55's picture

"just how lucky the countrys financial system has been so far in preventing the appointment of Rudolf von Bernankenstein as CB director."

Wed, 03/16/2011 - 08:20 | 1059961 gwar5
gwar5's picture

I know what they mean. I came across a little system glitch the other day. 

I found a little glitch in my underpants right after an oncoming car almost hit me head on.

Wed, 03/16/2011 - 08:21 | 1059962 Hannibal
Hannibal's picture


Wed, 03/16/2011 - 08:29 | 1059975 Mentaliusanything
Mentaliusanything's picture

This whole saga reminds me of a song by Freddie mercury

Bohemian Rhapsody 

Your welcome to enjoy the truth



Wed, 03/16/2011 - 08:30 | 1059981 Yen Cross
Yen Cross's picture

I think its time to smash the CFTC! CRUSH.

Wed, 03/16/2011 - 08:33 | 1059989 Oh regional Indian
Oh regional Indian's picture

As always, teh 30 trillion Yen went not into people's life continuity but into market life continuity. Which, in a nutshell is the story of where we are.

It's the market. Like it's a monster that has taken on a life of it's own. So hard not to sit and punch holes into my keyboard (I'm typing reeeeealy lightly) as the system shows it's true, absurd, machine like uncaring.

For all the realists and rationalists and physicists here who think calling this the end of the world as we know it is hysteria, don't pay attention to us doomers. Just follow the action.

All those trillion yen went into making what whole?


As you sow, so shall ye reap.



Wed, 03/16/2011 - 08:38 | 1060011 cossack55
cossack55's picture

WTF, ORI. Since when has being a realist coorelated with being a doomer. The great thing about realism is, you are never bored. That and dying in your sleep is the best one can hope for on this poor old planet. Hey, whose not down with that?

Wed, 03/16/2011 - 08:51 | 1060055 Oh regional Indian
Oh regional Indian's picture

Cossack, let's turn that WTF around to FTW!!!!!

I was being snide and should have put "realists", like that, in quotes. 

I consider myself a realist and am constantly told I'm a doomer, see?

And I agree, realism is refreshing because it's real.


Wed, 03/16/2011 - 09:36 | 1060241 middle child of...
middle child of history's picture

Too true. Whether people can GET THEIR money is somehow less important (no bank runs allowed) than if the banks can be GIVEN money.

Thu, 03/17/2011 - 02:59 | 1065622 TheMerryPrankster
TheMerryPrankster's picture

I think you mean money given BACK to the banks, all the money belongs to the banks, they just let us use it for a while at a fair and reasonable rate. Kinda like lending us our future earnings now with a nice Plutonium Visa card and only charging us 38% for the privilege.


Wed, 03/16/2011 - 08:34 | 1059993 Yen Cross
Yen Cross's picture

And that little Faggott Barney Frank!!!! Gay is not on my list! I like Sexy Women!

Wed, 03/16/2011 - 12:23 | 1061187 RockyRacoon
RockyRacoon's picture

Me thinks ye doth protest too much.

Wed, 03/16/2011 - 08:38 | 1060010 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

My question is if all of these Japanese cannot reach their savings, how is the BOJ buying securities? They would literally have to be printing money without any security purchases unlike the Fed's current fraud.

Wed, 03/16/2011 - 08:42 | 1060017 anvILL
anvILL's picture

"system glitch."? My guess is that it's caused by Mizuho employee stupidity,
After all, they are the ones who sold off JCOM to the Yen.

By the way, I think a financial meltdown is pretty impossible as long as we have plenty of people demanding the BoJ to print more money to save to rescue the country and those who are severly affected. (Yes, I think this is nonsense)

Wed, 03/16/2011 - 08:43 | 1060026 ivana
ivana's picture

let's summarize:
political decision to pump huge cash down to all levels of "consumers" + empty shelves in stores and lack of basic resources + obvious panic which is still spreading + low interest rates for decade now and world flushed with yens + biggest debt ratios + need for infrastructure rebuilding + int banksters need to push oil & inflation as high as possible + no fossil fuels in japan etc etc = if powerz manage to pull this out without hyperinflation ... I will OBEY.

Looks like weakest link may fail.
Situation is same in many other western economies except first 3 conditions which are pre-conditions to hyperinfl currency collapse.

Wed, 03/16/2011 - 08:47 | 1060036 prophet
prophet's picture

commencing cyber tsunami in 3 2 1

Wed, 03/16/2011 - 08:59 | 1060092 Carl Spackler
Carl Spackler's picture

Cyber tsunamis happen all the time...they are called "spam" e-mail "blasts."



Wed, 03/16/2011 - 08:55 | 1060073 ivana
ivana's picture

Thinking about next SDR revision if yen survives: let's bet that yen % will increase because "japanese economy recovering due to rebuilding country and blah blah..." BS from pig head MSM speakers and distinguished nobel bankster PRs

Wed, 03/16/2011 - 08:58 | 1060086 orangedrinkandchips
orangedrinkandchips's picture

It will be the gangbangers on the west side here in Chicago that will benefit the best from a real panic....while others, trusting souls, try to get cash out of ATMs....these flakin' and perpetratin' folks (my kinda guys too...reality based that is) will be in great shape with stacks of money.



Wed, 03/16/2011 - 09:10 | 1060126 Atomizer
Atomizer's picture

One must not overlook

Japan's bond market has become ticking bomb -2010/8/11


Japan Post Bank suspended ATM service at 477 locations in greater Tokyo. Roughly 100 ATMs operated by Seven Bank (8410) in Ibaraki and Shizuoka prefectures suspended service at the time of the scheduled blackouts.



2010 Annual Report


Wed, 03/16/2011 - 09:37 | 1060238 spanish inquisition
spanish inquisition's picture

Money won't move......


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