Posted on 09/17/2009 5:32:58 PM PDT by underthestreetlite
World’s leading economies have already spent over $10 trillion on the anti-crisis struggle. This astronomical number makes up $10,000 per each tax-payer, economists with the International Monetary Fund said. The United States and Britain take the lead in terms of the anti-crisis spending. World’s largest financial centers – New York and London - are located on the territories of these two countries: it is simply impossible to overestimate the significance, which these two centers play in the formation of the crisis.
The largest bailout programs were passed in the USA and Britain, the BBC said. The States used $3.6 trillion - a quarter of the nation’s annual GDP - to win the fight with recession. The crisis spending thus makes up some $10,000 per each tax payer in the United States. Britain, which is obviously a much smaller state geographically and economically, has already wasted $2.4 trillion, which makes up 94 percent of the annual GDP – with $30,000 per each tax-payer
What a coinkydink. First, the UK deregulated the derivatives market, then the U.S. did. yet, listen to Wall Street howl when they try to re-regulate.
parsy, who has been doing a lot of reading on this
When you have to read Pravda to get the truth....
....we are truly screwed.
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