Government borrowing up 70% in 5 months
24 September 2008, 09:03 AM
#31
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Some of the US numbers being bandied about are truly staggering, like this comment from Robert Peston's blog:
Anyway the notional value of extant credit derivatives, in terms of the underlying value of the debt insured, was something over $60,000bn at the end of 2007, or more than five times the value of the entire US economy.
The mind boggles. It now seems that the FBI are investigating many of the players who took the system to that point... BBC NEWS | Business | Key finance firms 'probed by FBI'
If somebody can do something to stop them getting their bonuses I'll be a bit happier
Can we get the FBI to investigate NuLabour ?
Anyway the notional value of extant credit derivatives, in terms of the underlying value of the debt insured, was something over $60,000bn at the end of 2007, or more than five times the value of the entire US economy.
The mind boggles. It now seems that the FBI are investigating many of the players who took the system to that point... BBC NEWS | Business | Key finance firms 'probed by FBI'
If somebody can do something to stop them getting their bonuses I'll be a bit happier
Can we get the FBI to investigate NuLabour ?
24 September 2008, 12:45 PM
#32
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11 years of buy now, pay later at the hands of idiots. Its really not that surprising.
At what stage does a government become bankrupt?
At what stage does a government become bankrupt?
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