[rabscuttle385]

Britain's creditworthiness is crumbling.

The United States is not far behind.

[rabscuttle385]

*Ping!*

[allmost]

I give it a one in twenty five...

[April Lexington]

After RBS today, the British government has issues. Not good.

[steelyourfaith]

Essentially, as I understand it, this can all be traced back to ‘RATS legislating that loans be given to people unqualified to pay them back -— i.e., all about bribing a constituency for votes (meanwhile pocketing kickback $$$$$ a la Dodd & Obongo & Frank)?

[GeronL]

Many countries are in the same boat. Leftwing spanding freaks, (Republicans too) have put all of us in the very real possibility of a global financial meltdown

[familyop]

"A one-in-ten chance of a UK Government default"

There's much more of a chance than that. Read the numbers behind the following for the real shocker.

UK cannot take Iceland's soft option
http://www.freerepublic.com/focus/f-news/2168480/posts

[BellStar]

You wrote “The United States is not far behind.”
Are you speculating or do you have something to base your supposition on?

[ari-freedom]

“So markets now reckon the UK stands a one in ten chance of defaulting on its sovereign debt over the next half decade. That, at least, is what the credit default swap on British government securities tells us”

that means only one thing: that the govt needs to abolish credit default swaps and everything will be just fine! /sarc

[Vanders9]

it may even be slightly ahead...

[redgolum]

If this happens, it will have one of two results.

One world government or large countries splintering into many small ones. History suggests the latter, as the central state can't pay, smaller areas are either taken or break away.