It is said countries in Europe and North America have so far spent around $14 trillion, or 50% of their GDP to shore the banks up.
Link Citywire
Postscript: GDP being gross domestic product which is turnover and NOT profit
In future speculative adventures should be separate from savings and companies allowed to go to the wall.
Unofficial - A Personal View
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- Is Cllr Alison Halford having a go at moi?
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