Something big to fail aftershock, the extreme scenarios - Japan Sovereign debt

[SLC81]

Some reading this week on how Baring Bank collapsed after Kobe earthquake in 1995.

http://infopedia.nl.sg/articles/SIP_1531...06-11.html
http://en.wikipedia.org/wiki/Barings_Bank

Will there be a big re-insurance company or a bank go belly up later or the worst scenarios Japan default on its sovereign debt ?


http://www.gopusa.com/freshink/2011/03/15/1439/

[sgd]

possible .. possible .. another highly leveraged insurer bites the dust because of this.

But was thinking to myself this evening of a totally very different scenario that possibly this could lead to QE III