"Japanese Utility Tepco to Get Help From Banks" Wall Street Journal, Mar 7, 2012 print edition p. B5
Majia Here: Japanese banks are going to keep Tepco alive: T. Hirose, Credit Strategist at Morgan Stanley MUFG Securities Co. was quoted in this article as saying:
" 'The new loans will give Tepco enough time' to complete unpopular steps, such as electricity-rate increases and REACTOR RESTARTS, that it says are necessary to REPAIR ITS FINANCIAL HEALTH"
Majia here: So, DID THE BANKS DEMAND THAT TEPCO RE-START REACTORS or was this TEPCO'S IDEA?
Get what is happening?
Broke, for poisoning the Japanese people, Tepco is now going to POISON THEM MORE by re-starting reactors, many of which probably have multiple vulnerabilities given the size of the Great Earthquake on 3/11 and the magnitude and frequency of after-shocks.
Why is Tepco doing this?
Tepco is doing it to maintain some level of value for its shares and to protect Japanese creditors, including the Japanese government and some anonymous groups of banks.
We don't know which banks are involved because the Wall Street Journal article only mentions by name the major creditor, Sumitomo Mittsui Banking Corp.
However, Morgan Stanley MUFG Securities Co, the company employing T. Hirose, may very well be one of those creditor banks willing to allow, or even demanding, further assaults against the Japanese people.
Holy Cow people of Japan. Wake Up!
US people need to wake up also because we don't even know the scope of the problem that is being hidden by our government, corporations, and corporate news media.