magic 15 000 level nikkei forwarded leann walton na enron 10 26 2000 10 47 darren delage enron 10 16 2000 02 53 pm ze 9 maureen raymond hou ect ect cc subject magic 15 000 level nikkei maureen hope well thank coverage last week certainly appreciate value added provide research quick question regarding anticipated japan central bank intervention 15 000 level nikkei understanding mechanism correctly bis reserve requirements fall certain threshold banks longer lend money meet bis lending criteria due improper reserve base roughly happens 15 000 level reason ask goldman sachs put article suggesting break evenpoint bank holding stocks roughly 12 000 12 500 different index level one mentioned appreciate difference reserve liquidity actual break even equity positions wanted clarify point trying gain complete understanding trigger would effect japanese capital markets currently understand 2 trigger levels watch 15 000 banks fail bis criteria hence extend new loans bis stamp approval clearly ctl bank would incentive restoring else financial system would thrown turmoil 12500 banks begin take actual loss equity holdings right thanks maureen take care darren